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HSBC: Skeptical about an AUD/USD rebound amid China property concerns

HSBC: Skeptical about an AUD/USD rebound amid China property concerns
HSBC weighs in on the recent AUD/USD movements, expressing reservations about a significant rebound. Even though the pair appears oversold at present levels, it seems to be held captive by China's property sector turbulence.Key Points:Impact of China's Property Sector: AUD/USD has experienced downward pressure, primarily influenced by the instability in China's property sector.Valuation Metrics Vs. Real-world Influences: While short-term valuation metrics suggest AUD/USD might be oversold, a sub... Read More
Posted: Aug 15 2023, 14:10
Author Name: forexlive
Views: 102425

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