$A drops on reports of Osama's death

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AAP
The Australian dollar has dropped more than three tenths of a US cent on media reports of terrorist mastermind Osama bin Laden's death.
The local unit broke though the 110.00 US-cent barrier on Monday morning, getting a boost after Australia had its Aaa credit rating reaffirmed.
The unit reached 110.10 US cents, its highest level since the currency was floated in December 1983.