On the bright sideDollar slips below parity as Libya worries bite
February 23, 2011 - 8:09AM
The Australian dollar fell below parity overnight as riskaverse markets continued to be concerned over the political unrest inin Libya.
At 7am eastern daylight time, the local unit was tradingat 99.75 US cents, almost half a US cent lower than yesterday's close of100.27 US cents. It was also buying 82.49 yen, 72.99 euro cents and61.75 pence.
Since 5pm, the Australian dollar traded between 99.7 US cents and 100.45 US cents.