A$ Weaker On Softer Risk Appetite, Off Post-China Data Lows

Aussie is generally lower again so far in APAC trading today. It was already softer before the release of activity data in China. AUDUSD is down 0.2% to 0.6822. It is off its intraday low of 0.6812 following the mixed China data. The USD index is flat.

• AUDJPY is down 0.4% to 94.53 after a low of 94.38. Aussie is steady versus the kiwi at 1.0734. Aussie is down 0.2% against the euro and pound to 0.6079 and 0.5212 respectively.
• Equity markets are mixed with the ASX down 0.1%, the CSI 300 -1% but Jakarta up 0.5%. Japan is closed. The S&P e-mini is down 0.1%. Oil prices are off the pre-China data lows with Brent down 0.9% to $79.15/bbl. Copper prices are down 0.7% and iron ore is trading around $112.50/t.
• Today is quiet with no Fed speakers but there is a pre-recorded welcome from ECB’s Lagarde and Panetta and Lane speak. On the data front, there is only the US Empire manufacturing index for July, which is expected to decline. Tomorrow the RBA’s July meeting minutes are published.