Concern Dominates The Market, This Important Data Be Attention!

<p>&nbsp;Risk sentiment dominated the market on Tuesday causing investors to turn to the safe-haven currency US dollar.</p><p><br /></p><p>In the Asian session, data from China showed that the trade surplus widened to $80.6 billion in July from $70.6 billion in June.</p><p><br /></p><p>However, exports and imports declined by 14.5% and 12.4% respectively on a year-on-year basis, fueling concerns over continued weakness in the economic recovery.</p><p><br /></p><p>Investors are also worried about the publication of China's inflation data tomorrow (Wednesday), which is expected to record negative figures or experience deflation in July.</p><p><br /></p><p>The concern, pressured the Aussie and New Zealand dollar trading lower to the weakest level in two months against the greenback in today's trading session.</p><p><br /></p><p>The dollar index, which measures the strength of the greenback, strengthened at around 102.33 against most major currencies.</p><p><br /></p><p><br /></p><p>Even so, the overall movement of the currency has not changed much and is still moving around the same price zone.</p><p><br /></p><p>This is because investors are more cautious ahead of the release of important inflation data from China and the United States.</p><p><br /></p><p>The euro continued to trade hovering below the 1.1000 price level against the US dollar amid the absence of key data to act as a catalyst.</p><p><br /></p><p>Meanwhile, the pound eased slightly at around 1.2750 against the greenback with investors paying attention to UK economic data on Friday.</p><p><br /></p><p>The yen continued to trade lower against the greenback, but rose slightly against other major currencies supported by safe-haven demand.</p>