Australian Dollar depreciates on weak China's data

Source: Bloomberg
The Australian Dollar, also known as the Aussie, lost 0.9% to $1.0418 in the morning of New York trading session on Monday, following a 1.1% drop in a previous session, which was the biggest fall since 20th of February. The Aussie tumbled on weak China's GDP data, which were lower than a forecast and previous quarter figure. Since the Australian Dollar is considered as a risk proxy, investors exited such kind of assets and purchased safe haven securities.
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