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Australian dollar closes in on parity to Sing dollar

At close of Asian trade, it was A$1=S$1.0049; further weakening expected in the near term

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The Australian dollar fell to its lowest since 2009, trading at near parity against the Singapore dollar amid expectations that it could weaken further in the near term.

Singapore

THE Australian dollar fell to its lowest since 2009, trading at near parity against the Singapore dollar amid expectations that it could weaken further in the near term.

At the close of Asian trading on Wednesday, one Australian dollar was worth S$1.0049 after hitting a

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