The Australian dollar closed the week at a near 14-month low as well, as the liquidation of both commodities and carry trades continues. Any recovery should be only temporary.
Australian manufacturing improved 0.2 points to 47.2 in September from August, when it gained 0.1 points, according to the Australian Industry Group and PricewaterhouseCoopers. But it remains below the key 50 mark.
Surging exports of coal and iron ore boosted Australia's trade balance from a deficit of A$697 million in July to the second-biggest surplus on record A$1.36 billion in August.
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