The Australian dollar extended the decline against its U.S. counterpart and dropped against the euro as the banking crisis in Spain and the conflict between North and South Korea destabilize the markets.
The regulators in Spain, supported by the request of the International Monetary Fund to reform the nation’s financial institutions, press the lenders to unite with larger partners, causing four banks announce about merging. The U.S. plans to perform
The expanding crisis in the
AUD/USD dropped to 0.8214 as of 19:35 GMT today from its opening price of 0.8264. EUR/AUD traded at 1.5010, rising from the opening level of 1.4964.
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