The Australian dollar has shed more than one US cent following better than expected American retail sales figures and downgraded Chinese growth forecasts.
At 1700 AEDT on Wednesday, the Australian dollar was trading at 89.22 US cents, down from 90.38 cents on Tuesday.
While the US retail numbers for December hit a range of currencies, the local unit was belted again in early afternoon trade after the World Bank downwardly revised growth forecasts for China, Australia's biggest trading partner, Westpac senior currency strategist Sean Callow said.
"People seemed to be looking for excuses to sell the Aussie," Mr Callow said.
"It just trades very nervously on any headline as we saw with the World Bank announcing its reducing its forecast for China growth.
"The Aussie dollar fell but all the World Bank was doing was reducing its forecast to where everyone else had it."
The Australian dollar shed a fifth of a US cent after China's growth was forecast to flatline at 7.7 per cent in 2014 before slowing to 7.5 per cent in coming years.
The local currency's slide began during early offshore trade when official US data showed retail sales growing by 0.2 per cent in December, which convinced traders the US Federal Reserve would continue to taper its stimulus measures.
Australian labour force data for December is due out on Thursday with economists expecting the jobless rate to hold steady at 5.8 per cent.