FP:Dollar almost one US cent lower at noon on strong US dollar, Greek worries
THE dollar was almost one US cent weaker at noon, as traders sold euros and invested in the US dollar, amid concerns about Greece's sovereign debt crisis.
At 12pm (AEST), the dollar was trading at 104.44 US cents, down from 105.23 cents on Friday.
Since 7am (AEST) this morning, the local unit traded between 104.20 US cents and 105.02 cents.
"The stronger US dollar has been driving the Australian dollar down, but I think it may be related somewhat to the uncertainty about what is happening with Greece, as they run out of euros and into US dollars," said Richard Grace, chief currency strategist at the Commonwealth Bank.
