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The Australian dollar was hit hard, with the feeling of risk feeling as a result of the sharp losses on US equity futures and the weakness of the Chinese yuan.
The Australian dollar, which is often played as a liquid substitute for the yuan, broke through the 70.41 US cents mark in the late afternoon, eventually losing 0.7% to 70.22, its lowest level in the world. 33 months.
The losses intensified when the yuan reached its lowest level in 22 months at 6.9745.
E-Mini futures for the S & P 500 slid 1.1%, as did FTSE futures, deepening Thursday's market rout.
For the week to date, the Australian dollar has now lost 1.3%.
If the currency falls below 70.00 it will be the first time since February 2016.
After a week without Australian data, the paper is filling up next week with housing approvals, retail sales, trade and key consumer prices for the third quarter.
Analysts generally expect inflation to be under control, in part because of new government subsidies for child care, which has resulted in significant cost savings.
Underlying annual inflation is between 1.8% and 1.9%, which would be the eleventh consecutive quarter below the target range of two to three per cent of the Reserve Bank of Australia.
"The overall view will remain that of inflation at the bottom of the RBA's target range," said CBA chief economist Michael Workman.
"This kind of result, in a context of strong economic activity data, will probably leave the RBA happy to say that the next rate change is" on the upside. "But that it also leaves them the signal any changes. "
The RBA has kept its rates at 1.5% since mid-2016 and the markets only mean a 50% upside chance by next December.
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