-
AUD/USD Forecast: Beijing’s Influence and the US Economic Calendar
The AUD/USD declined by 0.48% on Wednesday. After a 0.84% rally on Wednesday, the Australian dollar ended the Wednesday session at $0.67299. The Australian dollar rose to a high of $0.67791 before sliding to a low of $0.67241. Beijing Remains in Focus as Riskier Assets Struggle On Thursday, investors could redirect their attention to Beijing. The markets expect a stimulus package to bolster the Chinese economy. A lack of a meaningful package could test the appetite for the Aussie dollar. China accounts for one-third of Australian exports. Increased demand from China could be a boon for the Australian economy and the ... (full story)