AUD Slides to 0.7060 After Weak China Data

The Australian Dollar (AUD) extended its decline on Tuesday, dropping 0.16% against the US Dollar to trade near 0.7060 in the Asian session. The move followed the release of disappointing economic figures from China, a key trading partner for Australia.

China's sluggish data dampened demand for risk-sensitive currencies like the AUD, reinforcing selling pressure across major pairs. Traders now await further catalysts, including any signals from the Reserve Bank of Australia or additional Chinese economic reports.