Australian dollar closes lower
Sydney - Xinhua
The Australian dollar fell below 103 U.S. cents on Wednesday amid speculation that China's central bank will possibly move to stimulate its economy. At the closing session, the local currency was trading at 102.90 U.S. cents, down from Tuesday's close of 103.09 U.S. cents. During the day, the Australian dollar traded between 102.70 U.S. cents and 103.18 U.S. cents. At 1700 local time, the Australian dollar was at 79.15 Japanese yen, down from Tuesday's close of 79.18 yen, and at 80.73 euro cents, up from 80.62 euro cents previously.
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