Heraldsun : THE dollar was trading at around half a US cent lower at noon, as news of America's credit rating downgrade caused traders to take less risky investments.
At 12.00pm AEST today, the Australian dollar was trading at 103.94 US cents, down from 104.42 cents on Friday.
The domestic currency dropped on Friday night after Standard & Poor's reduced America's credit rating from a sterling AAA to AA+, due to the failure of bitterly divided US leaders to reach a consensus on containing the country's spiralling debt.
