Aust dollar slips in early trade

Local currency lowers on concerns over possible Syria strike.

The Australian dollar is slightly lower as concerns about a possible attack on Syria outweigh good Chinese economic data.

At 0630 AEST, the local unit was trading at 89.48 US cents, down from 89.54 cents on Friday.

Over the weekend, new data showed that China's manufacturing activity strengthened in August to its highest level in 16 months.

That helped the Australian dollar rally on Monday morning, but it was not enough to recover losses made due to uncertainty over a possible US attack on Syria as punishment for using chemical weapons on its citizens.

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