The Australian Dollar drops on China's data

Source: Bloomberg
© Scanpix/FP
The Australian Dollar, also known as the Aussie, edged lower by 0.4% to 1.0235 per U.S. Dollar in the second part of Sydney trading session on Tuesday. The Aussie, together with other commodity currencies, depreciates on data from China, which signal about a slowdown in manufacturing industry. The drop was bigger than expected and increases concern about future perspectives, as Australia is the biggest trading partner.
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