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Australian Treasurer Morrison blocks sale of electricity company to China

Australia’s Treasurer Scott Morrison has made a preliminary decision to block the sale of Ausgrid to a Chinese consortium, Reuters reports.

Key Details:

Ausgrid is Australia's biggest electricity distribution grid

Ausgrid is owned by the NSW state government

The federal government has to decide on leasing a 50.4% stake on a 99-year contract

EUR/USD – Rejected near 1.12, turns negative

EUR/USD failed to take out previous day’s high of 1.1191 and turned marginally negative on the day to trade around 1.1172 levels. Offered above 38.2%
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Bearish print added to the USD/CAD chart

Bearish print added to the USD/CAD chart
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