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AUD/USD Outlook: Aussie Takes a Hit Amid China’s Poor Data

AUD/USD Outlook: Aussie Takes a Hit Amid China’s Poor Data
China’s industrial output in April fell significantly short of expectations. China’s retail sales missed forecasts, surging by 18.4% instead of the expected 21.0% increase. The US dollar remained weak as the US debt ceiling standoff continued. Today’s AUD/USD outlook is bearish. The Aussie dollar started with slight gains but later fell due to disappointing economic … Continued The post AUD/USD Outlook: Aussie Takes a Hit Amid China’s Poor Data appeared first on Forex Crunch... Read More
Posted: May 16 2023, 08:33
Author Name: forexcrunch
Views: 110834

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