XE Market Analysis: North America – Jun 14, 2019

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Both the Dollar and Yen outperformed while the Australian Dollar led the biggest loser list out of the main currencies as a safe-haven theme swept back over global markets. This followed the release of disappointing industrial production data out of China, which fell to a 17-month low growth rate, shining a fresh light on the impact that the trade war with the U.S. is having on the world’s No. 2 economy. The U.S. also accused Iran for the attacks on two oil tankers yesterday, which has upped the ante in Mideast geopolitics. Fresh record yield lows on Australian bonds were in the mix.