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Australian dollar isn't getting much help from inflation or China stimulus. Ugly day.

If I were to tell you that Australia would have a hot inflation report and China would announced a jump in deficit borrowing, you would be excused for rushing to buy the Australian dollar.That looked to be a good trade yesterday and initially on the data release, but since then it's been the opposite. Chinese markets didn't cheer the higher borrowing and the CPI pop faded quickly.AUD/USD is rounding out an outside day after touching a nine-day high earlier. It 's down 43 pips to 0.6312 and is th... Read More

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Content Topics

Australian

Dollar

Isn

Getting

Much

Help

From

Inflation

Stimulus

Forex

Posted: Oct 25 2023, 19:32

Author Name: forexlive

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