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Aussie dollar up, shares down

SYDNEY, Oct. 1 (UPI) -- The Australian dollar reached an 18-year high against the U.S. currency Monday buying 89.2 U.S. cents.

But the share market ended flat, after record trading last week, with the All Ordinaries Index slipping 1 point to 6,579 and the other key indicator, the ASX 200, shedding 4 points to 6,563.

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Mining stocks dropped up to 0.5 percent with BHP Billiton closing at $39.65 and Rio Tinto at $96.96.

Gold zoomed to $746 an ounce, nearly a 28-year high, while West Texas crude oil traded at $81 a barrel.

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