XE Market Analysis: Europe – Jul 25, 2018

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The Aussie Dollar took a dip on Australian CPI data, which came in at 0.4% q/q in Q2. below the median forecast for 0.5%. AUD-USD fell nearly 0.5% in making an intraday low of 0.7392. Elsewhere, the Dollar majors have shown little net change. Commitment in markets has been limited, with strong corporate earnings and China’s course for fiscal stimulus offset by concerns about long-term trade protectionism. The yuan logged fresh lows after the PBoC set the USD-CNY reference rate above 6.8.