(Bloomberg) -- The Australian dollar fell from an
18-year high as prices declined for the raw materials the
country exports.
The currency snapped three days of gains after the London
Metal Exchange Index, a measure of six tradable metals including
copper and nickel, dropped 2.1 percent, the most in two weeks.
Commodity exports make up about 14 percent of Australia's
economic growth.
Read more at Bloomberg Currencies News
18-year high as prices declined for the raw materials the
country exports.
The currency snapped three days of gains after the London
Metal Exchange Index, a measure of six tradable metals including
copper and nickel, dropped 2.1 percent, the most in two weeks.
Commodity exports make up about 14 percent of Australia's
economic growth.
Read more at Bloomberg Currencies News
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