Aussie dollar below parity with greenback

The Australian dollar has slipped below parity with its US counterpart for the first time since March, after data showed Chinese inflation was worse than expected in July.

1 min read

Published 9 August 2011 12:18pm

Updated 26 August 2013 9:20am

Source: Reuters

Share this with family and friends

The Australian dollar has slipped below parity with its US counterpart for the first time since March, after data showed Chinese inflation was worse than expected in July.

The local unit hit a low of $US0.9998 in the immediate aftermath of the Chinese inflation data, and was trading at at $US1.0105 at 1147 AEST.

The unit hit a fresh five-month low, down 1.8 per cent for the day.

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.