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AUD review

The Aussie dollar remained below $0.7600 and thus in close proximity of $0.7530, the six-year low it hit in early April. The Aussie started the week with a drubbing after grim news on China trade cast negative ripple wav…

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EconoTimes — Reading the Times. Understanding the Future.

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The Aussie dollar remained below $0.7600 and thus in close proximity of $0.7530, the six-year low it hit in early April. The Aussie started the week with a drubbing after grim news on China trade cast negative ripple waves to Australian shores. 

Next up: China first quarter growth on Wednesday, forecast to slow to 7.0% from 7.3% in the fourth quarter. Any downside miss below the psychologically important 7% level would risk an accelerated pace of decline for the Aussie.

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