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Forex: AUD/USD has brief drive thru 1.05; China FDI weighs

By FXstreet.com,  August 15, 2012, 10:10:00 PM EDT

FXstreet.com (Barcelona) - The Chinese economy just showed actual foreign direct investment at -8.7% Y/Y in July vs -6.9% in June Y/Y. The data is weighing down on AUD/USD, which has helped sellers to erase an early advance to currently trade back below 1.0500. Ditto EUR/AUD which is experiencing a corrective upleg after a ferocious sell-off from key resistance 1.1780/90 yesterday.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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