Aust dollar hits two-and-a-half year low

The Australian dollar has fallen to a two-and-a-half-year low after the US central bank said it could soon start scaling back its economic stimulus and following weak Chinese manufacturing data.

The Australian dollar has fallen to a two-and-a-half-year low after the US central bank said it could soon start scaling back its economic stimulus and following weak Chinese manufacturing data.

At 1200 AEST, the local unit was trading at 92.62 US cents, down from 94.92 cents on Wednesday.

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