Japan All Industry Activity Index (MoM) came in at 0.3%, below expectations (0.4%) in June

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Aug 19, 2015

AUD/USD set to test 0.7300 as China stocks rout deepens

The Australian dollar was heavily offered against its American counterpart in the mid-Asian session, knocking-off AUD/USD to fresh weekly lows at a shouting distance of 0.7300 levels, as the ongoing China stocks crash added to the concerns of China’s economic slowdown fuelling risk-off sentiment across the board.

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Aug 19, 2015

China stocks rout sparks risk-off, Bundestag vote, US CPI, FOMC minutes – Key events

Chinese stocks extend sell-off impacting risk-flows across the board and negatively affecting China’s top trading partners. The Aussie slipped further towards 0.73 handle after the Shanghai benchmark tumbled another 4% today, reignites concerns over the ailing Chinese economy. The yen gained versus the greenback on flight to safety, shrugging off widening Japan’s trade deficit numbers.

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