Forex Market Review (Asian Session) – Aussie swings from gains to losses on Australian retail sales and Chinese data; oil rebounds after API
Posted on June 1, 2017 at 7:19 am GMTThe Australian dollar had a choppy session after domestic and Chinese data. The greenback moved higher while oil rebounded from a two-day decline after the API report. The aussie jumped against the greenback to a high of $0.7453 after Australian retail sales were stronger than expected. It reversed gains on disappointing Chinese manufacturing PMI data, which took the currency down to its lowest level since May 12 at $0.7383. China is Australia’s major trading partner. Australian retail sales rebounded sharply [..]