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AUD to USD Forecast: Balancing Chinese Economic Indicators and Fed Sentiment
The AUD/USD declined by 0.32% on Friday. Following a 0.61% slide on Thursday, the Australian dollar ended the session at $0.65595. The Australian dollar rose to a high of $0.65829 before falling to a low of $0.65521. Economic Indicators from China in the Spotlight: On Monday, the Chinese economy will be in focus. Industrial production, retail sales, fixed asset investment, and unemployment figures warrant investor attention. Weaker-than-expected numbers could influence the RBA rate path. Weak demand from China could impact the Australian economy. China accounts for one-third of Australian exports. Australia has a ... (full story)
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- Mar 18, 2024 7:54am Mar 18, 2024 7:54am
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DonFF - | Commercial Member | Joined Nov 2014 | 1972 Comments
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- Posted: Mar 17, 2024 9:27pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,816
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