Forex news for Asia trading Monday 16 May 2016
Monday
Weekend
Australian 10-year government bonds hit an all-time low today, and in early Monday trade AUD/USD hit a 10-week low. The early ‘gap’ down for the currency came after weekend data from China showed retail sales, industrial production and fixed-asset investment all missing economists’ estimates (). In later news from China, the People’s Bank of China dropped the yuan (CNY) to its lowest level (against the USD) since March 3.