Markets

Australian dollar falls to more than four-year low

Published November 5, 2014 Updated November 5, 2014 12:29pm

1 min

By Imad Uddin

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LONDON: The Australian dollar fell to its lowest in more than four years against a broadly higher U.S. dollar, hurt by lower commodities and after yet another soft survey from China where the HSBC PMI for the services sector slipped to 52.9 in October.

The Aussie fell to $0.8612, its lowest since mid-2010 and down 1.4 percent on the day.

So bearish is the sentiment towards the Australian dollar, the struggling euro also rose 0.9 percent, to A$1.4482 .

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