The Australian dollar hit a fresh six-month low on Monday morning sparked by Chinese industrial production slowing to its lowest level since the global financial crisis.

The data release from China on Saturday was well below economist expectations of an 8.8 per cent year-on-year rise in industrial production, instead coming in at 6.9 per cent year-on-year.

Early on Monday, the Australian dollar was at risk of breaching the US90¢ mark, hovering at US90.10¢. Shortly after 10am it fell as low as US90.00¢.