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    Forex News from New Forex: Asian markets lose ground

    In the trading on Tuesday, June 14, the Australian and the New Zealand dollar tumble ahead of the release of economic data in the USA later today. The pair AUD/USD shed 0.18% and dropped to 0.7372. The instrument kiwi/dollar edged down to 0.35% to 0.7031, a low since June 9.

    The sentiment of global markets is quite negative amidst weak data from China and the coming referendum in the UK. In China retail sales in May slid from 10.1% to 10.0% year on year, industrial production increased by 6% last month as in April.

    Asian markets decline on Tuesday, the Australian index ASX 200 slipped to 2.06%. In Japan the Nikkei 225 tumbled 1%, on Monday the index lost 3.51% amidst the strong yen. Today the pair dollar/yen decreased by 0.33% to 105.88.

    The Chinese market managed to gain just before the closing of trades. The Shanghai Composite added 0.35%, the Shenzhen Composite surged 0.28%. The currency pair dollar/yuan climbed 0.12%. At the moment the dollar index gained 0.30% to 94.69.

    NewForex Analyst

    Michael Butnitsky

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