AUD/USD

Aussie on Back Foot After China Data Disappoints

The Aussie underperformed as sentiment took a hit following the Caixin China PMI data, which missed estimates. The dollar gained against all Group-of-10 FX peers except the kiwi. 

AUD/USD declined as much as 0.2% to 0.6676; the Caixin China PMI Services index for June came in at 53.9, compared with 57.1 prior and an estimate of 56.2.

The Bloomberg Dollar Spot Index rises 0.1%; Two-year Treasury yields fell 2bps to 4.92% after cash Treasuries had been closed for a US holiday Tuesday.

NZD/USD rises 0.1% to 0.6197. New Zealand's pool of labor is expanding at the fastest pace in almost three years.

USD/JPY gains 0.1% to 144.59. EUR/USD little changed at 1.0878.

Greek Prime Minister Kyriakos Mitsotakis is stepping up the pace of reform at the start of his second term in office as he looks to capitalize on a commanding majority to consign the nation's crisis years to history.

Source: Bloomberg

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