Investing.com - The Australian dollar fell to one-week lows against its U.S. counterpart on Thursday, weighed by disappointing manufacturing data from China, while the minutes of the Federal Reserve's latest policy meeting supported the greenback.
AUD/USD hit 0.9290 during late Asian trade, the pair's lowest since November 14; the pair subsequently consolidated at 0.9294, shedding 0.44%.
The pair was likely to find support at 0.9224, the low of September 13 and resistance at 0.9375, the high of November 15.
Data showed that China’s HSBC manufacturing index ticked down to 50.4 in November, from a final reading of 50.9 in October, missing forecasts for a reading of 50.8.
China is Australia's biggest export partner.
Meanwhile, the greenback remained supported after Fed policymakers said they could start scaling back the USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
The Aussie was lower against the euro with EUR/AUD rising 0.37%, to hit 1.4447.
Later in the day, Reserve Bank of Australia's Governor Glenn Stevens was to deliver a speech at the Australian Business Economists Annual Dinner.
The U.S. was release data on producer price inflation, as well as the weekly report on initial jobless claims and data manufacturing activity from the Philly Fed.
AUD/USD hit 0.9290 during late Asian trade, the pair's lowest since November 14; the pair subsequently consolidated at 0.9294, shedding 0.44%.
The pair was likely to find support at 0.9224, the low of September 13 and resistance at 0.9375, the high of November 15.
Data showed that China’s HSBC manufacturing index ticked down to 50.4 in November, from a final reading of 50.9 in October, missing forecasts for a reading of 50.8.
China is Australia's biggest export partner.
Meanwhile, the greenback remained supported after Fed policymakers said they could start scaling back the USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
The Aussie was lower against the euro with EUR/AUD rising 0.37%, to hit 1.4447.
Later in the day, Reserve Bank of Australia's Governor Glenn Stevens was to deliver a speech at the Australian Business Economists Annual Dinner.
The U.S. was release data on producer price inflation, as well as the weekly report on initial jobless claims and data manufacturing activity from the Philly Fed.