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:: Australian Dollar: Yesterday's knee jerk reaction to a hung parliament saw the Aussie initially tumble almost a cent from Friday's close to exchange around 0.8850 in early Monday morning trade. The Australian Dollar recouped its post-election losses climbing to 0.8980 against the US Dollar offshore as the election results were digested. Traders bet the political stalemate will result in a coalition government which will postpone or reduce the widely unpopular proposed mining tax. The Australian Dollar opens today buying 0.8911 US following dovish sentiment from the US and a drop in oil prices.
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