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Australian Dollar Forecast: Aussie Dollar Under Pressure Amid Weak China Inflation
On Monday, October 14, inflation figures from China are expected to influence demand for the AUD/USD pair. Sunday’s figures revealed a weakening demand environment as inflationary pressures softened. The annual inflation rate fell from 0.6% in August to 0.4% in September. More concerning, producer prices fell by 2.8% year-on-year in September after a 1.8% decline in August. Producers typically lower prices when demand weakens, passing savings onto consumers. Consumers could delay purchases, expecting further price drops, possibly impacting the Chinese economy. chart Weak demand in China would also affect the ... (full story)
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- Oct 13, 2024 11:51pm Oct 13, 2024 11:51pm
- Tahiralikhan
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- Posted: Oct 13, 2024 10:17pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,869
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