THE Australian dollar is slightly lower, weighed down by falls in Asian and European stocks and base metals prices.
At 0630 AEST on Wednesday, the local unit was trading at 73.44 US cents, down from 73.47 cents on Tuesday.
European stock markets fell after another plunge on China’s main index as investors doubted Beijing’s commitment to prop up its sharemarket.
CURRENCY SNAPSHOT AT 0630 AEST ON WEDNESDAY
One Australian dollar buys:
* 73.44 US cents, from 73.47 cents on Tuesday
* 91.33 Japanese yen, from 91.37 yen
* 66.56 euro cents, from 66.35 euro cents
(*Currency closes taken at 1700 AEST previous local session)