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Australia, NZ dollars toppled by China data shock

By Wayne Cole SYDNEY, May 16 (Reuters) - The Australian and New Zealand dollars suffered a fresh setback on Monday when stunningly weak economic data out of China stoked fears of a global recession, undermining risk assets and commodities. Chinese retail sales sank 11.1% in April from a year earlier, far beyond forecasts of a 6.1% drop and testimon
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Australia, NZ dollars hit two-year trough as China casts a long shadow

By Wayne Cole SYDNEY, May 13 (Reuters) - The Australian and New Zealand dollars looked set to notch another week of heavy losses on Friday, as growth forecasts for China were downgraded and the yuan extended its decline. The Aussie was lying at $0.6870 AUD=D3 , after a 1.2% drop overnight brought losses for the week to an eye-watering 2.8%. It dive
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Australia, NZ dlrs on the ropes again as China looms large

By Wayne Cole SYDNEY, May 12 (Reuters) - The Australian and New Zealand dollars touched fresh two-year lows on Thursday as worries about China's slowing economy weighed on Asian stocks, while a survey on New Zealand inflation expectations was more restrained than rate hawks had wagered on. The Aussie was struggling at $0.6922 AU=D3 , after some wil
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Australia, NZ dlrs get respite, but charts stay bleak

By Wayne Cole SYDNEY, May 11 (Reuters) - The Australian and New Zealand dollars found a moment's respite from selling pressure on Wednesday as bears paused for U.S. inflation data, though it would take a major downside surprise to brighten the gloomy chart outlook. Analysts look for core prices to ease a little to 6.0% and a bigger pullback could e
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Australia, NZ dlrs hit two-year trough as markets teeter

By Wayne Cole SYDNEY, May 10 (Reuters) - The Australian and New Zealand dollars sank to two-year lows on Tuesday as a rout in global equities shook risk assets of all stripes and worries about a slowdown in China hammered commodities. The Aussie fell another 0.2% to $0.6941 AUD=D3 , having touched its lowest since July 2020 at $0.6911. The break of
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