The Australian dollar declined due to a surprise deterioration in Chinese factory activity. In April, Australian consumer prices rose more than anticipated. There are concerns about China’s struggling post-pandemic recovery. Today’s AUD/USD price analysis is bearish. On Wednesday, the Australian dollar declined due to a surprise deterioration in Chinese factory activity. This raised concerns about … Continued
The post AUD/USD Price Analysis: Bears Resume Amid Poor Chinese Data appeared first on Forex Crunch.
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