The Australian Dollar Is Sinking Like A Stone

Another day, another decline for the Aussie dollar, which has fallen below 94 cents against the US dollar.

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FinViz

The latest bout of selling comes after a weekend of very poor Chinese data, which shows falling external trade.

The Australian dollar is one of hedge funds’ favourite currencies to short, thanks to weak commodity prices, and a weakening Chinese economy, which are of course related ideas.

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