Commodity-linked currencies fall after Chinese stocks dip

London

COMMODITY-LINKED currencies such as the Australian and New Zealand dollars fell on Wednesday as Chinese stocks slid, while trade data from Japan raised the spectre of a recession enveloping the world's third-largest economy.

The yen eased against the dollar and the euro after more evidence of the problems plaguing Asian trade flows, with Japanese exports growing at the slowest pace since mid-2014 mainly due to weakness in China. That also kept alive chances of more quantitative easing from the Bank of Japan, perhaps as early as the end of the month.