In Wednesday's session, the Australian Dollar (AUD) faced further losses against the USD, with AUD/USD slipping below 0.6600.
AUD/USD marked more losses on Wednesday reaching 0.6580. Concerns over China's economic health and falling commodity prices main cause of AUD's slide. Australia reported weak Judo PMIs during the Asian session. In Wednesday's session, the Australian Dollar faced further losses against the USD, with AUD/USD slipping below0.6600.
The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
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