China data hits dol­lar

Townsville Bulletin - - NEWS -

THE Aus­tralian dol­lar has dipped to its low­est level in more than six years on the back of weak Chi­nese man­u­fac­tur­ing data. The dol­lar was trad­ing at US72.79¢ yesterday, down from US73.54¢ ear­lier. It dropped when the Caixin/ Markit China Man­u­fac­tur­ing Pur­chas­ing Man­agers’ In­dex showed a big­gerthan- ex­pected fall. ThinkForex an­a­lyst Matt Simp­son tipped the cur­rency to hit US70¢ later this year.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.