Australian Dollar Forecast: Will AUD/USD Break $0.68? The Fed and China Data in Focus

From fxempire.com

On Saturday, September 14, economic data from China drew interest and could influence the AUD/USD pair. House prices trended lower in August, while industrial production increased at a slower pace year-on-year. Domestic demand conditions also waned, evidenced by lower retail sales and rising unemployment. table The deteriorating Chinese economy signals softer demand for key Aussie exports such as coal and iron, painting a gloomy outlook for Australia’s economy. Notably, Chinese factories have started reselling commodities at lower prices, particularly affecting iron ore prices. As one of Australia’s main ... (full story)