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Australian Dollar Slides To 3-week Low Against Greenback

06:29, 25th January 2013

(RTTNews) - Extending yesterday's downtrend, the Australian dollar reached 1.0441 against its US counterpart on Friday morning in Asia, its weakest level since January 4. At Thursday's North American close, the Australian dollar was worth 1.0454 against the greenback.

The near-term bias is bearish for the Australian currency and the AUD/USD pair is poised to pierce its 100-day simple moving average level of 1.0420.

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