Australian currency slides amid China's factory data

Source: WBP Online
© Scanpix/FP
After the release of weak China's manufacturing data the Australian Dollar slumped. The Aussie fell to $0.8757 against the US Dollar at the start of session this morning. The low Chinese PMI negatively affects the demand for Australia's exports, which are already facing a tough period. However, the currency pair can still change the direction, as the RBA is to announce the cash rate level tomorrow at 3:30 GMT.
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