Australian dollar slips from last week's highs
Xinhua, September 21, 2015 Adjust font size:
The Australian dollar was lower after last week's decision of the U.S. Federal Reserve not to raise the interest rate.
International analysts believe that was as a bad sign for the U. S. economy, and the Australian dollar was a casualty.
The local unit was trading at 71.85 U.S. cents on Monday, down from 72.28 U.S. cents on Friday.
The Australian dollar's rally to three week highs last week stalled because many traders sold off the currency in order to take profits, local analysts said on Monday. Endi