Australian dollar falls below parity with U.S. counterpart

05/12/2013 | Sydney Morning Herald (Australia), The

A late-week rally in the U.S. dollar briefly pushed the Australian dollar below parity in Saturday trading. The Reserve Bank of Australia had earlier cut its benchmark rate to 2.75%, contributing to the currency's slide, but a major bet by George Soros against the Australian dollar was also reported.

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Sydney Morning Herald (Australia), The

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