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LONDON: The Australian dollar fell to a three-week low against the US dollar on Friday as investors cut previous bets on the higher-yielding currency gaining due to concerns that its recent rise may have been overdone.
The Australian dollar fell 0.8 percent to $1.0424, its weakest since late July.
It dropped by a similar margin against the euro, which hit a 3-week high of A$1.1850.
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