The Aussie slipped against most of its top rivals as well after Governor Glenn Stevens with the Reserve Bank of Australia was cited saying that there has been an orderly transition from mining to other drivers of development and growth. Another factor weighing on the Australian dollar was uplifting sentiment about euro zone leaders' capacities to handle the sovereign debt crisis and its damaging tendencies.
"If the world has spent the past five years underweighting European assets and overweighting perceived safe havens like the Aussie, then we could start to see this trend reverse in 2013," forex strategist Robert Rennie with Westpac told The Wall Street Journal. "I think the euro outperforming against the Aussie could be a story for next year."
While also dropping against the Japanese yen, the Aussie has fallen 0.3 percent against the U.S. dollar during the two precious trade sessions.
Standard & Poor's rating service boosted the sovereignty rating of Greece, the emblem of the sovereign debt crisis' damaging tendencies as a two-time recipient of international bailout aid.
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