China supports the Australian dollar
The Chinese economy is continuing to see industrial manufacturing and business activity indicators rise after it opened its borders and moved away from COVID quarantines.
The Chinese economy is continuing to see industrial manufacturing and business activity indicators rise after it opened its borders and moved away from COVID quarantines. This is especially influencing the prices of commodities. The Australian dollar, which is geared toward commodities, is breaking into the ranks of forex market growth leaders. The restoration of trade ties between China and Australia is buoying the AUD/USD pair.
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