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AUD to USD Forecast: Aussie Dollar’s Fate Tied to China’s Economic Pulse
On Thursday, the AUD/USD gained 0.28%. Following a 0.07% slip on Wednesday, the Aussie dollar ended the session at $0.64392. The Aussie dollar fell to a low of $0.64139 before rising to a high of $0.64597. Industrial production, fixed asset investment, retail sales, and unemployment figures from China will influence market risk sentiment. The numbers are expected to show an economy that’s stabilizing, which could support riskier assets. Economists forecast retail sales and industrial production to increase by 3.0% and 4.0% year-over-year, respectively. While expecting the unemployment rate to hold steady at 5.3%, ... (full story)