Saturday, June 8, 2013

China posts weak trade figures – AUD/USD could gap lower

The Australian dollar had a difficult week, unable to capitalize on the weakness of the US dollar. The next week could see more weakness. China released its trade balance figures. While the headline figure came in within expectations, the details are certainly worrying: a dramatic slowdown in export growth and a small drop in imports.
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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