AUD/USD soft on Stevens - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD pair closed the week with a soft tone at 0.7651, having trimmed most of its early gains and down from a 4-month high of 0.7755.

Key Quotes:

"...undermined by poor Chinese data, and comments from RBA’s outgoing Governor Stevens, who expressed that further central bank easing won't be able to benefit the economy at this point, in his last speech.

In China, July retail sales, industrial production, and urban investment, came in below expected and previous month's  readings, reviving concerns over an economic slowdown in the country that could quickly spread in the region and further."