Aussie drops as weak data spook investors

The Australian dollar fell against the greenback today, after the release of weak economic data which raised concerns over the manufacturing and services sectors.

The Australian economy showed that manufacturing PMI fell to 50.1 points in September vs. 50.3 in August.

The Australian Services PMI also fell to 50.8 in September vs. 52.5 in August.

In addition to the ECB President Mario Draghi's pessimistic comments, which also raised concerns over the Eurozone economy growth and pushed investors towards safe-havens such as precious metals.

The outgoing ECB president Mario Draghi stressed in his last press conference that there are growing risk that hurts the eurozone economy such as the the US-China trade war and the tariffs they imposed on eachother imports.

As of 15:46 GMT, AUD/USD fell by 0.6% to 0.6817, with an intraday high of 0.6858 and a low of 0.6814.