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      Japan All Industry Activity Index (MoM) dipped from previous 0.3% to 0.2% in July

      FXStreet.com (Barcelona) For more information, read our latest forex news.

      AUD: Prone to downside, risks elevated due to China - Rabobank

      Jane Foley, Research Analyst at Rabobank, suggests that we still see risk that the RBA will cut rates again this cycle to provide insulation to the economic outlook – a view which is supported by signs that the housing market activity may at last be peaking. One factor that could slow the RBA’s trigger finger would be a continued fall in the value of Australia’s effective exchange rate. Either way we continue to see downside risks for AUD/USD towards 0.68 on a 6 mth view.
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      Risk-off returns along with Japan, German Ifo, US data – In focus

      The Japanese traders returned to markets on Thursday after a three-day long break and brought along risk-sentiment back as the Japanese stocks tumbles catching up with latest global sell-off, fuelled by mounting worries over global growth prospects.
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