The Australian dollar fell because of disappointing data from China

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The Australian dollarThe Australian dollar fell because of disappointing data on the volume of industrial production, investment in fixed assets in China and retail sales, which is an important trading partner of Australia.

In China, investment in fixed capital increased in July by 8.1% year on year, while expected to grow by 8.8%. The volume of industrial production rose by 6.0% year over year, instead of the expected 6.1% and retail sales – by 10.2% instead of 10.5%.

AUD / USD shedding 0.26% to 0.7679, and the USD / JPY was trading at 102.12, gaining 0.16%.

Australia and ChinaIn New Zealand, the index of business activity in the manufacturing sector fell to 55.8 in July from 57.7 a month earlier. At the same time the basic retail sales jumped by 2.6% qoq, while expected to grow by 1.1% .In general, retail sales also grew – by 2.3% qoq and 6.0% yoy, although expected to grow by 0.9% and 4.9% respectively.

NZD / USD was trading at 0.7190, down 0.29% after the latest data and there were reports that the central bank will postpone measures to restrict mortgage lending.

The US Dollar Index, showing the strength of the dollar against the trade-weighted basket of six major currencies, holding almost unchanged at 95.90.

The Australian dollar fellYesterday, the dollar kept unchanged relative to other major currencies, despite the positive data on the number of applications for unemployment benefits, as investors awaited today’s reports on retail sales and consumer sentiment.

The US Department of Labor said that the number of people who applied for unemployment benefits fell for the week of July 31 to August 6 1 thousand. 266 thousand. The previous week was revised to 269 thousand. Up to 267 ths., Although analysts We expected him to decline by 4 thousand. to 265 thousand.

The Australian dollar

Today, investors await reports on retail sales and consumer sentiment US, which indicate the state of the US economy. Earlier this week, there were low rates of loosening expectations about increasing the US Federal Reserve interest rates this year.

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