The Australian Dollar (AUD) climbs sharply against the US Dollar (USD) during the North American session on positive news from China ahead of Aussie’s
could finish its era of negative interest rates, spurring a reaction on Japanese Yen shorts, weakening the US Dollar, and sparking JPY gains by close to 1%.Consumer Price Index
It should be said that amid the lack of economic data revealed by Australia and the United States , China is Australia’s largest trading partner and usually weighs on the former due to that condition. Even though Chinese authorities increased stimulus, the People’s Bank of China. cut interest rates; the economy remains weaker as the services sector continues deteriorating.
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