Business confidence drop dents dollar

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