Aussie Drops After RBA Cites Risks From China, Market Volatility

Updated on
  • Currency erases gain spurred by Turnbull's defeat of Abbott
  • RBA minutes focus on international economic conditions

Australia’s dollar snapped a six-day advance after the Reserve Bank said China’s slowdown and market volatility increased risks to global growth, erasing an earlier gain following the selection of Malcolm Turnbull as prime minister.

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