Aussie dollar dips on Greek fears
On Tuesday 4 October 2011, 11:04
The Australian dollar has fallen to its lowest level in just over a year as Greece failed to meet targets for cutting its budget deficit.The local currency fell to a low of about 95.1 US cents this morning and by about 10:15am (AEDT) it was buying 95.2 US cents.
The All Ordinaries lost about 0.6 of a per cent in early trade, despite stronger losses on Wall Street overnight where the Dow Jones lost more than 2 per cent.
The ASX 200 was down 20 points to 3,876.
European markets chalked up heavy falls, in line with Asian trade, on the first trading day of the fourth quarter.
At the close, London's FTSE-100 index was down 1.03 per cent.
In Frankfurt, the DAX fell 2.28 per cent and in Paris the CAC-40 shed 1.85 per cent.
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