Aussie dollar losses ground as industrial commodity prices slip

SYDNEY, March 15 (Xinhua) -- The Australian dollar has slipped against the greenback on Friday with falls in industrial commodity prices and global trade tensions weighing on the local currency.

At the Asian market open 07:00 (AEDT), the local unit was trading at 70.67 U.S. cents, down from 70.95 U.S. cents on Thursday.

While the Aussie did see a short bounce after the British Parliament voted in favour of extending their Brexit deadline beyond March 29, the momentum was stalled by ongoing global trade tensions and a drop off in base metal prices.

The hardest hit was nickel, slipping by 2.4 percent overnight.

Brent crude oil also took a hit of around 0.5. percent.

At 09:00 (AEDT), the Australian dollar was still buying 70.67 U.S. cents.