Aussie slips on cheap commodities and weak data from China

Source: WBP Online
© ScanPix/AFP
The Australian Dollar extended its depreciation against the Greenback on Monday amid falling prices of commodities and disappointing economic data from China. The Aussie dropped 0.78% at $0.7360 by 10:27 AM GMT. The main pressure on the Australian currency came from the downturn in commodities, with aluminium and copper hovering around multi-month lows and oil prices continued to slide.
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