The Australian dollar dips below parity with the greenback for the first time YTD, amidst the...

|By:, SA News Editor

The Australian dollar dips below parity with the greenback for the first time YTD, amidst the double-whammy of a slowing China and EU jitters. China's weekend reserve ratio cut propped things for about 5 minutes on the open last night, but markets took on water soon after. Shanghai -0.6%, Hong Kong -1.2%, Sydney, where a lot of companies are going to make a lot more money with a weaker aussie, +0.2%.