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AUD to USD Forecast: Sub-$0.65 in Play on China PPI Numbers

From fxempire.com

On Tuesday, the AUD/USD fell by 0.45% to end the day at $0.65437. A larger-than-expected slide in China imports and exports sent the AUD/USD south. This morning, there are no economic indicators from Australia to influence. However, consumer price inflation and producer price index numbers from China will impact the appetite for the Aussie dollar. Softer consumer price inflation and a less marked decline in the producer price index should provide price support. Economists forecast consumer prices to fall by 0.5% in July year-over-year after stalling in June. However, economists expect the producer price index to fall ... (full story)

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  • Category: Technical Analysis