Aussie slips despite positive Chinese data

Australian dollar downturned slightly throughout currency trading with the start of the week on Monday, reaching its highest peak in 15 months last week, and this drop was identified regardless Chinese data which was published today to show a constant growth in China’s economy in the second quarter without any change in the first quarter.

Aussie's current decline is due to the modification act that might start this week; after the Australian dollar topped the standard upsurge by a great deal last week, However Chinese data could cutback the losses of the Australian currency.

On the other hand, we find that the Aussie is trying to increase from its lowest levels since 10 months with the beginning of this week, that was recorded last week alongside a handful of the main currencies subsequently to the publish of the negative data regarding the retail stores and the constant decline of inflation rates.

The pair of Australian dollar is equivalent to 0.7817 American dollars after reaching its highest at 0.7828, the opening of today was 0.7823 and a session-low at 0.7811.