SCOREBOARD: Dollar dampener

An auction of Italian bonds once again scared investors, and the pain quickly spread to the Australian dollar.

The Australian dollar and the euro continued to weaken overnight, with the former the biggest loser as it dropped a big figure and slipped under parity, to sit at 0.9911. The euro was off only about 30 pips to be at 1.2998, but it was only a week or so ago that it sat proudly at 1.34 and above.

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