Markets

Australian dollar falls after soft HSBC China PMI survey

Published August 21, 2014 Updated August 21, 2014 04:51am

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.