The Australian dollar strengthened on stronger-than-expected economic data from China, which some analysts saw as signalling that moves aimed at reviving spending in the world's second biggest economy are having some success.
China's industrial output bounced in June from a 17-year low in the previous month. June retail sales surged 9.8% from a year earlier, compared with the 8.3% - a slowing from May's tepid figures - that polled analysts expected.
The Australian dollar rose almost 0.2% to $0.7024 after China's data release. The data also lifted the China-exposed New Zealand dollar by 0.18% to $0.6721.
China's quarterly gross domestic product posted its slowest pace of growth in 27 years, as expected, growing by 6.2% in the June quarter compared to a year earlier.
The U.S. dollar, meanwhile, remains under pressure on expectations of a Federal Reserve rate cut. Comments last week from Fed Chair Jerome Powell and Chicago Fed president Charles Evans indicated U.S. rate cuts are needed to boost inflation.
Investors will be looking to U.S. retail sales figures due Tuesday and company earnings for signs of how shoppers and businesses are weathering the slowdown. Against a basket of currencies the dollar held near a 10-day low at 96.85.
16 Aug 2019 05:42 PM
The Indian rupee fell for a sixth week against the dollar, its biggest losing streak since May last year, as trade tensions and global growth
16 Aug 2019 03:41 PM
The yen hit session lows versus the dollar near 106.50 levels, as the recovery in the risk sentiment gathered steam, as reflected by the extension of the relief rally in the Treasury yields and S&P 500 futures.
16 Aug 2019 03:37 PM
The pound gained for a second consecutive day on Friday after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to block a no-deal Brexit.
16 Aug 2019 03:33 PM
The euro fell to a two-week low on Friday against the dollar, which extended the gains it made the day before after U.S. retail sales data came out better than expected .
16 Aug 2019 02:57 PM
Indian equity indices slipped on Friday as the local markets caught up with a broader selloff in the previous day after fears of a recession in the United States stoked worries about global growth.
16 Aug 2019 02:18 PM
China's yuan eased on Friday, pressured by a stronger dollar and trade worries after Beijing pledged to retaliate for the latest U.S. tariffs. The dollar firmed