It was published poor economic data from China.Negative PMI will have negative impact on AUD.Decline in retail sales and service sectors in the second quarter in China,while commercial loans also affected due to the slowdown in economic activity,rates deteriorated much more than inflation in input costs and wages loading to reduce profit.Charged interest rates have risen and the borrowing company has re-occurred.
Value Kiwi rose against the US dollar after the release of mixed economic report from New Zealand.The expectation that the Fed will soon begin to reduce their program but still support the dollar.Official data showed that New Zealand's trade surplus fell in May to 71 million dollars to 174 million dollars at the previous month.Analysts have predicted a growth of a $400 million during the last month.Separate report showed that the index of business confidence in New Zealand rose to 50.1 points this month to the 41.8 points in May.New Zealand dollar was higher against the euro,Australian dollar and the yen.EUR/NZD dropped to 1.6634,AUD/NZD dropped fell to 1.1879 and NZD/JPY jumped to 76.79.
The British pound fell against the US dollar traded near a one-month bottom after they announced disappointing UK data on economic growth.Sterling also fell against the euro,the franc and the yen.EUR/GBP rose to 0.8546,GBP/CHF fell to 1.4413 and GBP/JPY dropped to 149.89.