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AUD Price Forecast: Chinese Data Provides Much Needed Reprieve for Aussie Dollar

AUD prices have rallied against the USD after optimistic Chinese data led the way. The RBA has a new Governor as Philip Lowe steps down.

United statesWarren venketasPhilip loweDeputy michele bullockWarrenon twitter

Asia equities give back most of yesterday s gains

Asia market update: AU RBA rates unchanged; CN Caixin PMI Services weaker than ests; Asia equities give back most of yesterday’s gains. General trend

New zealandHong kongSouth koreaNew zealand generalUnited statesRepublic ofNew delhiHan iDeputy michele bullockLi qiangSept sentixPres bidenHapag lloydChina foreign ministry daily briefingPhilippine central bankHang seng mainland properties index

Sliding Aussie Seen Stoking Prices as Shock-Absorber Fades

(Bloomberg) Australia’s depreciating currency, historically a boon for the world’s 12th largest economy, appears more likely to fuel inflation this time rather than deliver a tailwind to its import-competing industries.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy

Australian capital territoryUnited statesNew south walesPhilip loweMicaela fuchilaJames mcintyreEl ninoDeputy michele bullockMichaelg wilsonBloomberg businessweekWestpac banking corpFederal reserveAustralian bureau of statisticsRoyal bankQatar airwayIfm investors pty ltd

Sliding Aussie Seen to Stoke Prices as Shock-Absorber Role Fades

Sliding Aussie Seen to Stoke Prices as Shock-Absorber Role Fades
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Australian capital territoryUnited statesNew south walesPhilip loweEl ninoDeputy michele bullockMichaelg wilsonMicaela fuchilaJames mcintyreWestpac banking corpCommonwealth bankAustralian bureau of statisticsFederal reserveIfm investors pty ltdQatar airwayRoyal bank