Australian Dollar Lower Due To China's Data Release.

Monday, 16/07/2018 | 11:49 GMT

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Following China's data recent release, the Australian dollar has weakened versus the greenback. Furthermore, the economy of China expanded in Q2 by 6.7%. Due to this, it is worth noting that the economy of China is currently performing its weakest rise since 2016.

The Aussie and the U.S. dollar approached 0.7412 having previously appreciated as high as 0.7436. Also, the USDCNY reached 6.6889, thus declining 0.03%. On the other hand, the U.S. Dollar Index traded at 94.41 falling 0.03%, yet USDJPY aimed at 112.45 rising 0.03%.

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Source: https://www.exclusivecapital.com/china-data-release-lowers-australian-dollar/

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