The Australian dollar (Aussie) is a very sensitive for the Chinese fundamental data, which witnessed today a heavy decline against the US dollar after the Chinese economy released the manufacturing PMI reading for the month of July that continued to decline to reach to 48.9 from 50.1.

On the other hand, Australian economy has released a negative data regarding the business confidence which slumped to 6 during the 2nd quarter from 11 in the first quarter, damping the demand for the Australian dollar.

Also the New Zealand currency (Kiwi) has declined against its US counterpart on negative Chinese manufacturing PMI reading.