The Australian Dollar fell as Chinese industrial production and retail sales disappointed across the board. AUD/USD bearish reversal warnings continue growing.
The yen has strengthened against the dollar, mainly due to more relaxed market expectations around the pace of future Fed hikes. USD/JPY support will pose a challenge
The Chinese Yuan slipped below the critical 7 level versus the US Dollar, and USD/CNH looks ready for more upside. Chinese economic data is in focus as a risk-off move on Wall Street weighs on APAC markets.
Chinese President Xi Jinping has urged public bodies to “defend information security” after a hacker offered to sell stolen data of one billion Chinese citizens.