# Aussie dollar sinks to two-week low as China data hurts export outlook | The Straits Times

> The Australian dollar fell to a two-week low of about 0.7396 after weaker-than-expected Chinese manufacturing data. Iron ore futures slid to their lowest level in seven months.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/70771-aussie-dollar-sinks-to-two-week-low-as-china-data-hurts-export-outlook-the
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker Chinese factory activity lowers demand for Australian commodity exports, which pressures the AUD and signals softer global industrial demand.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- straitstimes.com: https://www.straitstimes.com/business/aussie-sinks-to-two-week-low-as-china-data-hurt-export-outlook

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.