Dollar drops on dour Dow

Stimulus taper on, off and now on again. The Fed again plays havoc with markets.

The Australian dollar has fallen close to 91 US cents after a member of the US Federal Reserve board of governors suggested American stimulus measures could be eased from September.

At 0700 AEST, the local unit was trading at 91.15 US cents, down from 92.62 cents on Friday.


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