The Australian Dollar resumed its decline against its US counterpart in a risk-off environment as China’s New Yuan Loans crossed the wires. The figure for December showed a print of 597.8b CNY, which was lower than the anticipated figure of 700.0b and November’s reading of 708.9b. Two hours prior to the data release, the People’s Bank of China weakened the Yuan reference rate by 0.03 percent, the largest devaluation in over one week. The central bank’s actions, which likely triggered risk aversion, saw the Aussie and the Nikkei 225 track lower. Moments later, China’s Shanghai Composite was set to open down 0.7 ... (full story)