The Australian Dollar slowed down its decline. Overview for 09.01.2020
On Thursday, AUDUSD decided to pause its free fall: it is consolidating close to its two weeks lows.
The Australian Dollar stopped its decline against the USD for a while. The current quote for the instrument is 0.6871.
Today’s numbers from Australia showed that the Trade Balance in the country was 5.8B AUD in November against the expected reading of 4.15B.
Meanwhile, investors are paying very little attention to the domestic Australian statistics right now; they prefer to monitor numbers from China and the external market environment. For example, the Chinese CPI was 4.5% y/y in December, the same as in November, but worse than expected (4.7% y/y).
The PPI lost 0.5% y/y in December after decreasing by 1.4% y/y the month before.
Market players are very closely watching what is happening between the USA and Iran. This issue offers a lot of speculations and possible geopolitical pressure, which make the demand for risky assets rather mixed.
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