XE Market Analysis: Europe – Jul 15, 2019

The Australian Dollar ticked higher following a net encouraging catch of data out of China today. This drove AUD-USD to a 12-day high at 0.7035. The NZD also lifted, with both currencies having China proxy status. The data showed Q2 GDP slowing to a 27-year low of 6.2%, as expected, while industrial output and retail sales numbers beat forecasts, suggesting that the Chinese economy is stabilizing. China’s National Bureau of Statistics also said that the impact of government policies will strengthen in the second half of the year.

Source: XE news feed
XE Market Analysis: Europe – Jul 15, 2019