Chinese growth outlook downgrade.

Comments from china overnight downgrading the growth outlook has dented market sentiment. All things considered 5% projected growth is still very good. Just not as good as originally hoped and the AUD & NZD are under pressure.

It's also worth noting China upping military defense spending, which is an ominous sign for the potential future China / Taiwan relationship. Which will be something to keep an eye on in the months ahead.

But today, all in all there isn't a huge amount of conviction in the currencies direction and it appears the market is waiting for either today's ISM or chair Powell's speech tomorrow before it shows it's hand.

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