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Australian dollar heads for parity with Singapore dollar

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The Australian dollar is heading to be on a par with the Singapore dollar, as weak commodity prices and the rising greenback take their toll on the currency.

SINGAPORE - The Australian dollar is heading to be on a par with the Singapore dollar, as weak commodity prices and the rising greenback take their toll on the currency.

One Australian dollar was worth about S$1.0019 at 4.30 pm on Wednesday - the weakest it has been since the global financial crisis in 2009.

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