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SYDNEY, Oct 1 Asia Pulse - The Australian dollar opened fractionally weaker from yesterday's close with concerns about the outlook for global growth weighing on the local unit.
At 0700 AEST, the Australian dollar was worth $US0.5426/30 compared with 0.5436/41 at yesterday's close.
The Australian dollar has been trading in sympathy with the US dollar in recent times, as concerns about the outlook for the United States economy, and its subsequent impact on global growth, impacting the local currency.
The US dollar came under heavy pressure overnight as weak economic data implied concern about the outlook for economic growth and the Australian dollar subsequently lost some ground after struggling to hold early gains.
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