China Growth Target Cut Spurs Yen, Sinks Aussie

The Australian Dollar sank early Monday as it's biggest trading partner China said it will lower its target for economic growth to 7.5% this year, down from 8 percent, the lowest goal since 2004.

audusd.png


Chart Courtesy of thinkorswim

Meanwhile, the perceived safe haven of the the Japanese Yen strengthened against the US Dollar.

USDJPY1.png


Chart Courtesy of thinkorswim
 
Back
Top