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The Aussie Dollar Falls to One Month Lows on Global Growth Outlook, Commodities Lead the Way Down

Australia’s dollar touched the lowest level in a month after commodities slid amid concern global economic growth will weaken.

The so-called Aussie declined for a fifth day against the yen after a private report showed the South Pacific nation’s new home sales dropped for the first time in four months. Data this week may show Chinese manufacturing stagnated. New Zealand’s dollar weakened after Asian stocks retreated and dairy exporter Fonterra Cooperative Group Ltd. cut its forecast for payments to farmers.”

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