DislikedSince my previous post got knocked off from the last page I'll ask again, I'm just wondering if anyone could tell me why the Aussie reacts to economic data from China? Is this always the case?Ignored
China is also the biggest consumer of electricity in the world. They produce their electricity using coal. also, they are the biggest steel producer in the world. 70 percent of their steel is produced using coal.
So, if China's numbers are not good it depresses Australian markets. Australia's economy used to depend more on the US. Not anymore!