Aussie falls amid concerns over China

Source: WBP Online
© ScanPix/Reuters
The Australian Dollar dropped versus its US counterpart on the back of the concerns over the Chinese economy, as equity markets in China continued to shrink this week. Worries over the second biggest economy triggered a risk-off sentiment among traders, dragging lower emerging market currencies, but also the Aussie, which is most dependent on China. The AUS/USD pair slipped 0.59% to $0.7301 by 09:56 AM GMT. 
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