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Aussie falls as traders shun risk
The Australian dollar reached an intra-day low of $US0.7349 in local trading on 20 June. The currency has shed 3.8 per cent since 14 June, in response to factors such as growing concern about a US-China trade war. However, Ray Attrill of National Australia Bank has downplayed suggestions that the outlook for Australia's official interest rates and the domestic economy have put downward pressure on the dollar. Richard Grace of the Commonwealth Bank adds that renewed support for the US dollar has weighed on the Australian currency..