The Australian dollar extends its downside movements against the US dollar, reached the lowest level more than five months at 0.9930, after the Australian economy reported that its business conditions index dropped to -1 in July from 2 during June.

Moreover, Aussie continues to its slide way as the Asian stock markets slumped to the most level in three years on concern mounted that the loss of the US long-term credit that may worsen on the global economy.