China to launch barley anti-dumping investigation against Australia

According to early reporting, China is set to launch a new anti-dumping investigation against Australia in regards to how much barley Australia has been sending to China, as well as the level of government agriculture subsidization.

Further details are still forthcoming, but the move is unlikely to bode well for the AUD/USD with Australia's domestic economy closely tied to and heavily reliant on Chinese consumption to maintain their growth prospects.