WBC News: FOREX-Dollar heavy amid U.S. default risks; Aussie, yuan slips on China data miss - 16th May 2023, 12:40pm

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By Kevin Buckland

TOKYO, May 16 (Reuters) - The U.S. dollar remained under pressure on Tuesday, weighed down by the risk of a U.S. default as a standoff between Democrats and Republicans over raising the debt ceiling showed few signs of being resolved.

The Aussie dollar flipped from early small gains to a loss after economic data from key trading partner China fell short of analysts' forecasts, adding to evidence of a sputtering COVID recovery.

The U.S. dollar index - which measures the curre...

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