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SYDNEY: The Australian dollar dropped around half a US cent on Thursday after a soft survey reading of China's manufacturing activity.
Australia is sensitive to news out of China, its key export market.
The Aussie fell as low as $0.9235 to be last at $0.9245, to show a 0.5 percent decline on the day. The Aussie had already been weakened by a broadly stronger US dollar earlier in the session.
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