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:: Australian Dollar: Political uncertainty has pushed the Australian Dollar to open this morning at 0.8860 against the US Dollar, sliding as much as 0.8%. The Australian Federal election, for the first time in 70 years, has failed to deliver a majority government. Currently the Australian Labour Party has 70 seats out of 150 while opposition Leader Abbott's Liberal-National coalition has 72, forcing both Leaders to open negotiations with independent lawmakers to form a minority government. The prospect of a less stable government and the possible drift to less friendly business policies will certainly weigh down investor opinion as the two major parties undergo talks.
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