Australian dollar lower after weak China data

THE Australian dollar is lower, weighed down by weak Chinese economic data.

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THE Australian dollar is lower, weighed down by weak Chinese economic data.

At 0630 AEST on Tuesday, the local unit was trading at 75.93 US cents, down from 76.05 cents on Monday.

Data out on Monday showed that Chinese exports took a surprisingly sharp tumble in the year to March, falling 14.6 per cent, while imports fell 12.3 per cent.

CURRENCY SNAPSHOT AT 0630 AEST ON TUESDAY

One Australian dollar buys:

* 75.93 US cents, from 76.05 cents on Monday

* 91.19 Japanese yen, from 91.55 yen

* 71.81 euro cents, from 71.71 euro cents

(*Currency closes taken at 1700 AEST previous local session)

Source: IRESS

Originally published as Australian dollar lower after weak China data