Aussie, kiwi fall as China’s recovery falters; yuan eases on surprise PBOC rate cut

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The risk-sensitive Australian and New Zealand dollars retreated from near two-month highs against the greenback on Monday due to dissappointing data from China, a key trading partner, while the Chinese yuan weakened after a surprise cut in interest rates. The greenback edged higher as traders continued to weigh data that has raised the possibility that U.S. inflation may be peaking against Federal Reserve policymakers’ hawkish comments. The U.S. dollar index, which gauges the currency against six major peers, edged 0.07% higher to 105.77, consolidating near …

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