Aussie, 'target of punishment', cracks below $0.70

The Australian dollar (Exchange: AUD=) cracked below the key psychological level of $0.70 for the first time in over six years on Wednesday as investors shunned the currency amid concerns around China's darkening economic outlook, the rout in commodities and sluggish domestic growth. The currency fell as much as 0.4 percent against the U.S. dollar in early Asian trade to hit $0.6968, its ...