The Australian dollar is lower after Wall Street and commodity prices dropped overnight in risk-off trade.
At 0630 AEST on Tuesday, the local unit was trading at 70.86 US cents, down from 71.52 cents on Tuesday.
Investors and traders are nervously awaiting key Chinese manufacturing data due on Wednesday at 1145 AEST amid ongoing global growth concerns and US interest rate uncertainty.
CURRENCY SNAPSHOT AT 0630 AEST ON TUESDAY
One Australian dollar buys:
* 70.86 US cents, from 71.52 cents on Tuesday
* 85.12 Japanese yen, from 86.06 yen
* 63.69 euro cents, from 63.48 euro cents
(*Currency closes taken at 1700 AEST previous local session)