Markets

Australian dollar jumps after upbeat China PMI survey

Published July 24, 2014 Updated July 24, 2014 03:40am

1 min

By Shoaib Ur Rehman

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SYDNEY: The Australian dollar hit a three-week high on Thursday after a closely watched survey showed activity in China's factory sector in July expanded at its fastest pace in 18 months.

The Aussie rose as high as $0.9480, from around $0.9440 just before the survey was released. It was last at $0.9470, up 0.2 percent on the day.

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