Aussie close to two-month low on China manufacturing data

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Source: Bloomberg
The Australian Dollar dropped 0.4% versus U.S. Dollar almost reaching the lowest level in two-months, after China's manufacturing contracted more than expected and the IMF said that the Australian Dollar looks overvalued by 10%. The Aussie tumbled 1.1% yesterday, the most in three moths, as the Fed signalled that the bond purchases might be soon reduced.
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Thu, 21 Nov 2013 10:49:09 GMT

Wall Street falls as Fed's minutes shows scale back on one of next meetings

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