Aussie Drops Despite Positive Inflation Data in China

Apr 12,2019 01:33   Source:Earnforex
The Australian dollar was soft today despite positive macroeconomic data in China, Australia’s biggest trading partner. Domestic data was not particularly good, but was not that bad either, certainly not enough to hurt the currency significantly. Today’s drop was not nearly enough to erase yesterday’s big rally, though, and the Aussie remains one of the strongest currencies for the week. China’s consumer price inflation accelerated to 2.3% […]

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