Business confidence drop dents $A

A drop in business confidence has hit the Australian dollar, as traders saw it as an increasing sign of another interest rate cut. At 1700 AEDT on Tuesday, the Australian dollar was buying 93.32 US cents, down from Monday's 93.80 cents. The currency reached an intraday low of 93.25 in early afternoon trade following National Australia Bank's business confidence measure falling in October. Easy ...