The Australian Dollar edged sharply lower against its American rival on Wednesday, with AUD/USD trading near a recently posted weekly low of 0.6749. Mixed Australian data weighed on the local currency, as the CB Leading Index posted a modest 0.1% increase in June, while May's reading was downwardly revised to -0.3%. Additionally, the Westpac Leading Index improved to 0.12 in June from -0.27% in the previous month. The poor performance of Asian shares also undermined demand for AUD/USD as Chinese economic woes undermined the market's sentiment. The focus now shifts to Australian employment figures. According to the ... (full story)