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Aussie dollar dips on greenback surge

Xinhua News,SYDNEY
2020-11-24 08:01

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SYDNEY, Nov. 24 (Xinhua) -- The Australian dollar eased against the greenback on Tuesday, as the U.S. currency rallied on the back of better than expected manufacturing data.

At 07:00 (AEST), the Australian dollar was buying 72.96 U.S. cents, down from 73.08 U.S. cents on Monday.

"The US dollar surged on much stronger than expected U.S. November manufacturing and services surveys," Westpac Bank economists said in a morning note.

"AUD/USD followed the USD trend to back below 73 U.S. cents."

At 09:30 (AEST), the local unit was buying 72.86 U.S. cents.
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