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AUD pushed to 1 week high by China data

Do you know if something happens in Chinese economy, it affects the Australian Dollar? Yes, you can see the effect of Chinese Trade Data on Aussie although the Employment change data was not good. According to the Australian Bureau of Statistics, employment fell by 10000 in July in contrast to the rise of 6000 expected by the economists. On the other hand China released its July data released shows that there is an increase in the demand of China’s Products. Also there is a greater than expected increase in imports showing increase in demand in domestic economy. But it is not a right time to say that China’s economy has recovered. On Friday China’s data for Industrial Output, Retail Sales and Inflation is to be released which could provide some evidence that economy is improving.