THE Australian dollar has fallen more than one US cent as it looks likely there could be an early end to the US Federal Reserve's stimulus program.
At 7am AEDT today, the local unit was trading at 102.44 US cents, down from 103.65 cents yesterday.
The currency reached an overnight low of 102.43, its weakest level since Tuesday of last week.
The minutes of the Fed's January policy meeting show that some members were worried that the bond-buying programs could eventually escalate inflation and unsettle financial markets.
Read more: http://www.news.com.au/business/australian-dollar/dollar-drops-one-us-cent/story-fn6t6wad-1226582380948#ixzz2LTsmWWOR
|Chart from xe.com|