Tuesday, December 9, 2014

Another Bout Of Soft Economic Data, Another AUD Sell-Off

Deflationary pressure in Chinese factory gate prices has reached a 1.5-year high and consumer price growth sunk to a 5-year low in November. This resulted in an immediate sell-off in the commodity-backed Australian dollar. The demise of commodity prices and oversupply of industrial products is playing havoc with China's Producer



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