Australian dollar slips after weak data revives easing risk

Thu, 27 Feb - 10:41am

SYDNEY, Feb 27 (Reuters) - The Australian dollar slipped nearly half a U.S. cent on Thursday after surprisingly weak business investment data revived expectations the Reserve Bank of Australia could resume cutting interest rates.

The Aussie skidded to $0.8925, from $0.8962 in early trade, having already come under pressure overnight when investors rushed to the safety of the dollar and U.S. Treasuries.

Key support was found around $0.8910.

(Reporting by Cecile Lefort; Editing by Paul Tait)

((Cecile.Lefort@thomsonreuters.com)(+61 2 9373-1234)(Reuters Messaging: cecile.lefort.thomsonreuters@reuters.net))

Keywords: MARKETS AUSTRALIA/FOREX

URN: 
urn:newsml:reuters.com:20140227:nS9E8L102D:4
Topics: 
JP NZ AU MKTREP FRX ASIA EMRG DBT LEN RTRS INT CEN MCE MMT CN

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