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Reserve Bank of Australia could raise rates on Tuesday / Chinese trade and inflation stats also in the spotlight / UK economy likely contracted in Q3 - can sterling hold on?
Reserve Bank of Australia could raise rates on Tuesday. Chinese trade and inflation stats also in the spotlight. UK economy likely contracted in Q3 - can sterling hold on? RBA decision will be a close call With most of the major central bank decisions in the rear-view mirror and volatility in bond markets coming down, a quieter week lies ahead for FX traders.
China awaits trade and inflation data The Australian currency is sensitive to China news because of the close trading relationship between the two nations. Australia and New Zealand rely on Chinese demand to absorb their commodity exports, so the outlook for China directly influences the growth prospects of these economies. This correlation helps explain why both currencies have been pummeled this year, amid an unfolding property crisis and a severe manufacturing slowdown in China.
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