$A slides again

The Australian dollar took a hit in late trading on Wednesday after the release of a Goldman Sachs report suggesting the Reserve Bank will cut rates next month and again in November. The dollar fell below US96¢ to as low as US95.57¢.

The Australian dollar took a hit in late trading on Wednesday after the release of a Goldman Sachs report suggesting the Reserve Bank will cut rates next month and again in November. The dollar fell below US96¢ to as low as US95.57¢.