SYDNEY, Jan. 17 (Xinhua) -- The Australian dollar dipped back below 69 U.S. cents on Friday despite briefly hitting a high above 69.30 U.S. cents before the plunge.
At 07:00 (AEST), the Australian dollar was buying 68.94 U.S. cents, down from 69.02 U.S. cents on Thursday.
"U.S. stocks hit fresh record highs and yields bounced, helping USD. This saw AUD/USD slip back below 69.00 U.S. cents," Westpac Bank economists said in a morning note.
At 09:00 (AEST), the local unit was buying 68.98 U.S. cents. Enditem
