Aussie in retreat

PUBLISHED : Thursday, 04 July, 1996, 12:00am
UPDATED : Thursday, 04 July, 1996, 12:00am

Comments by Australian Treasurer Peter Costello that the rise in the country's currency was hurting exporters combined with a high current account deficit in May to send the Australian dollar on a slide.


It traded yesterday at 78.2 US cents, compared with 78.63 cents late on Tuesday. Earlier, it fell to 78.13 cents.