The Australian dollar tumbled following the Chinese manufacturing figures was at three-month low.
On Thursday, the Aussie traded at 92.53 US cents, down from Wednesday’s 92.96 US cents.
The currency declined as low as 92.37 US cents after the HSBC showed China manufacturing purchasing managers’ index was at 50.3 in August, down from July’s 51.7.
“The figures hit the Australian dollar, which had already been weakened by more upbeat US Federal Reserve meeting minutes overnight,” said Ricky Liu, Currency Dealer at Easy Forex.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar tumbled following the Chinese manufacturing figures was at three-month low.
On Thursday, the Aussie traded at 92.53 US cents, down from Wednesday’s 92.96 US cents.
The currency declined as low as 92.37 US cents after the HSBC showed China manufacturing purchasing managers’ index was at 50.3 in August, down from July’s 51.7.
“The figures hit the Australian dollar, which had already been weakened by more upbeat US Federal Reserve meeting minutes overnight,” said Ricky Liu, Currency Dealer at Easy Forex.
The material has been provided by InstaForex Company – www.instaforex.com
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