The local market has slipped amid uncertainty about elections in Europe and the United States, although a fire at a major Queensland coalmine led to strong gains for rival coalminers.
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The benchmark S&P/ASX200 index on Monday finished at the highs of the day, down 16.8 points, or 0.22 per cent, to 7,7507, while the broader All Ordinaries was down 21.5 points, or 0.27 per cent, to 7,992.3.
The Australian dollar was buying 66.73 US cents, from 66.29 US cents at Friday's ASX close.