The Australian dollar has lost more ground after the release of disappointing data from China, the country's biggest trade partner.
At 1700 AEDT on Thursday, the local unit was trading at 75.31 US cents, down from 75.78 US cents on Wednesday.
The local currency has been under pressure all week as its US counterpart strengthens on increased prospects of a Federal Reserve rate hike in December.
It took a further hit from China's September trade data on Thursday afternoon, easyMarkets' chief market strategist Anthony Darvall said.
China's exports dropped 10 per cent and imports fell 1.9 per cent in September, in US dollar terms, a much weaker outcome than the market expected.
"The Aussie was under pressure already because the US dollar has been strong," Mr Darvall said.
"However, the US dollar has pared gains and generally when there's a reversal in yields the Aussie will rally, but it didn't rally like other currency pairs because the news that caused the risk off move was the China news."
Given China is Australia's biggest trading partner, the poor trade data was of big concern for Australian dollar, he said.
CURRENCY SNAPSHOT AT 1700 AEDT ON THURSDAY
One Australian dollar buys:
* 75.31 US cents, from 75.78 US cents on Wednesday
* 78.12 Japanese yen, from 78.49 yen
* 68.38 euro cents, from 68.66 euro cents
* 61.83 British pence, from 61.85 British pence
* 106.67 New Zealand cents, from 107.14 NZ cents
GOLD:
* The spot price of gold in Sydney at 1700 AEDT was $US1,260.60 per fine ounce, up $US5.70 on $US1,254.90 on Wednesday.
BOND SNAPSHOT:
* CGS 5.25pct March 2019, 1.712pct, from 1.746pct on Wednesday
* CGS 4.25pct April 2026, 2.199pct, from 2.256pct
Sydney Futures Exchange prices:
* December 2016 10-year bond futures contract at 97.78 (implying a yield of 2.22 per cent), up from 97.72 (2.28 per cent) on Wednesday.
* December 2016 3-year bond futures contract at 98.33 (1.67 per cent), up from 98.29 (1.71 per cent).
(* Currency closes taken at 1700 AEDT previous local session, bond market closes taken at 1630 AEDT previous local session)
SOURCE: IRESS
