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AUD to USD Forecast: Aussie Strength on China’s Economic Rebound?
On Friday (May 17), economic data from China will impact buyer demand for the AUD/USD. Economists forecast industrial production to increase 5.4% year-on-year in April after rising 4.5% in March. Moreover, economists expect retail sales to advance 3.7% year-on-year after a 3.1% increase in March. Other stats include fixed asset investment and unemployment numbers. However, barring deviations from forecasts, these will likely play second fiddle to the retail sales and industrial production numbers. Economists predict the unemployment rate to hold steady at 5.2% and for fixed asset investments to rise 4.6% ... (full story)