Aust dollar near 1-yr low against greenback
The Australian dollar is trading near a one-year low against the greenback as the Reserve Bank prepares to hand down its decision on interest rates.
About 12:00pm AEST it was buying 84.80 US cents.
A stronger US currency has also added to the Australian dollar’s weakness.
On the local share market, financial stocks are higher.
The All Ordinaries index is up 19 points to 5,219.
The ASX 200 has gained 24 points to 5,142
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