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AUD to USD Forecast: China Stimulus, the US Jobs Report, and $0.67

From fxempire.com

The National People’s Congress (NPC) will remain a focal point on Friday. During the first week of the NPC, lawmakers considered mixed economic indicators from China to consider. Service sector activity rose at a less marked pace, while exports surged in February. Despite the unexpected jump in exports, Chinese lawmakers suggested the need for more stimulus to boost economic activity. As the NPC nears the end of its first week, investors must monitor updates. Discussions about a fiscal stimulus package would drive buyer demand for the Aussie dollar. China accounts for one-third of Australian exports. Fiscal ... (full story)

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  • Category: Fundamental Analysis