$A lower as equities lose ground

Sydney : Australia | Oct 23, 2012 at 4:22 PM PDT

Source: The Age

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Wednesday, the local unit was trading at 102.59 US cents, down from 103.19 cents on Tuesday. During the offshore session the currency fell as low as 102.36 US cents, its weakest level in a week. US stocks fell overnight, after reports of poor earnings and forecasts from major US industrial firms added... FULL ARTICLE AT The Age

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