China's industrial profits drop 2.0% y/y in July, Aussie sticks to 0.6750

The latest data published by China’s National Bureau of Statistics (NBS) showed that profits earnt by China’s industrial firms in August dropped 2.0 y/y vs. a 2.6% rebound seen in July.

The Aussie keeps its range around 0.6750 region despite downbeat Chinese data, awaiting fresh catalysts while the Kiwi meanders near daily lows of 0.6283.

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