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  • AUD/USD Shrugs Off China Trade Data, Sinks on Biden Stimulus News

    From dailyfx.com

    China’s trade balance for December crossed the wires at US$78.17, according to the DailyFX Economic Calendar. Both imports and exports beat analysts’ expectations, rising 6.5% and 18.1% in dollar terms, respectively. The outsized increase in export growth fueled China’s trade surplus despite the increase in imports. China’s trade surplus with the United States rose $29.9 billion, bringing the 2020 total to $316.9 billion. The Yuan was little changed on the release, but USD/CNH moved higher as the Greenback caught a bid on reports that the incoming Biden administration is aiming for a much larger stimulus ... (full story)

Really?
Here is what my AUD dollar index is telling me.
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Quoting samdani786
Really? Here is what my AUD dollar index is telling me. {image}
Aud price could extend higher due to Biden stimulus. I'm eyeing for 0.8100
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