Aust dollar rebounds slightly

The Australian dollar has had a slight bounce after hitting an almost three-year low on the back of weak Chinese manufacturing data and US Federal Reserve comments about winding back its stimulus program.

The Australian dollar has had a slight bounce after hitting an almost three-year low on the back of weak Chinese manufacturing data and US Federal Reserve comments about winding back its stimulus program.

At 1300 AEST, the local unit was trading at 92.36 US cents, slightly up from 92.29 cents on Thursday.

Just after midnight, the local unit dropped to 91.90 US cents, its lowest point since September 2010.

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