-
AUD to USD Forecast: China Stats and US Labor Market Data’s Influence
The AUD/USD declined by 0.42% on Wednesday. Following a 0.75% slide on Tuesday, the Australian dollar ended the session at $0.67309. The Australian dollar rose to a high of $0.67707 before falling to a low of $0.67018. On Thursday, the China Caixin Services PMI will garner investor interest. An unexpected contraction across the services sector would impact buyer demand for the Aussie dollar. The services sector contributes over 50% to the Chinese economy. A contraction across the services sector would impact the overall Chinese economy and the demand environment. Significantly, China accounts for one-third of ... (full story)