The Kiwi and the Aussie were the main losers among the G10s, perhaps due to the weaker-than-expected Chinese data overnight, which weighed on Asian equity markets as well. Yesterday, the ECB kept interest rates unchanged and formally ended its QE program. The euro slid after President Draghi, although he repeated that the risks surrounding the Euro area outlook remain broadly balanced, said that the balance of risks is moving to the downside.
NZD and AUD the Big Losers as Chinese Data Disappoint
The dollar traded mixed against the other G10 currencies. It gained nearly 1.0% against NZD, which was the main loser, and around 0.5% against AUD. It slightly outperformed CAD as well. The greenback was somewhat lower versus SEK and GBP, while it was found virtually unchanged against EUR, CHF, JPY and NOK.
The Kiwi and the Aussie were the main losers, perhaps feeling the heat of the weaker-than-expected Chinese data overnight. Although fixed asset investment accelerated as expected, retail sales slowed to their...
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