Australian dollar holds revenues in Asia after China industrial output soars

Australian dollar holds revenues in Asia after China industrial output soars

On Wednesday, the Australian dollar held slight revenues in Asia, after China posted better than expected industrial output. Additionally, market participants waited for fresh clues from the latest Fed policy review.

The currency pair AUD/USD demonstrated 0.7539, rising 0.03%, while USD/JPY hit 109.95, sliding 0.09%.

China posted that industrial output for May inched up faster than expected 6.5% on year. As for retail sales, they earned too, outperforming the expected 10.7%, while fixed-asset investment didn’t manage to surpass the expected 8.6%.

Meanwhile, New Zealand informed that its current account for the first quarter faced a deficit of about NZ$8.13 billion, which is wider than the deficit of NZ$7.28 billion observed and from NZ$7.11 billion last year.

The currency pair NZD/USD reached 0.7220, standing still.

The US dollar index, estimating the greenback’s value versus six leading currencies, dived 0.07%, trading at 96.90.

 

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