Aust dollar slips in early trade

Local currency loses ground following falls in commodity prices overnight.

The Australian dollar is lower following falls in commodity prices overnight.

At 0630 AEDT, the local unit was trading at 93.92 US cents, down from 94.02 cents on Monday.

Prices of gold, silver and oil all fell overnight despite gains in US and European stock markets.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles