Australian dollar slips below 89 US cents as China weighs

By Bianca Hartge-Hazelman
Updated September 24 2014 - 12:08am, first published September 23 2014 - 7:28am
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4.  Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4. Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4.  Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4. Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4.  Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4. Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4.  Photo: Christopher Pearce
Australia's dollar fell 0.7 per cent to as low as 88.57 US cents overnight. its lowest level since February 4. Photo: Christopher Pearce

The Australian dollar has cracked through to US88c to its lowest level in nearly eight months, as investors continued to snap up US dollars after China all but ruled out further stimulus, leading to a fall in iron ore, and US economic data on existing homes sales disappointed.

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