Australian dollar falls below Singapore dollar for the first time since 2009

PropNex International

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Australian bank notes and coins.PHOTO: BLOOMBERG

SINGAPORE – The Australian dollar on Monday morning weakened below parity against the Singapore dollar for the first time since it last closed below that level in March 2009 during the global financial crisis.

One Australian dollar could buy $0.9981 Singapore dollars as at 11.20am on Monday.

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