Australian dollar bouncing back from China PMI losses

THE Australian dollar is higher, recovering some of the losses made after the release of weak Chinese manufacturing data.

THE Australian dollar is higher, recovering some of the losses.

THE Australian dollar is higher, recovering some of the losses made after the release of weak Chinese manufacturing data.

At 0630 AEDT on Friday, the local unit was trading at 89.88 US cents, up from 89.54 cents on Thursday.

HSBC's purchasing manager's index (PMI), released on Thursday, showed that Chinese manufacturing activity fell to its lowest level in seven months.

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