XE Market Analysis: Europe – Jun 14, 2019

The Australian Dollar continued to weaken amid a backdrop of misfiring equity markets in Asia, led by a decline in the major Chinese indexes ahead of the release of Chinese production and retail sales data (due 07:00 GMT) that are expected to shine a fresh light on the deleterious impact that the trade spat with the U.S. is having. AUD-USD and AUD-JPY, both widely seen as liquid forex market proxies no China and broader risk appetite in global markets, printed respective three-week and four-month lows, at 0.6892 and 0.7465.

Source: XE news feed
XE Market Analysis: Europe – Jun 14, 2019