AUD to USD Forecast: Will Chinese Trade Data Propel the Australian Dollar?
==========
On July 12, trade data from China could influence the Australian economy and the Aussie dollar. Economists forecast exports to increase 8.0% year-on-year in June, signaling an improving demand environment. Higher imports may indicate a sustained increase in demand. China accounts for one-third of Australian exports, and increased demand could fuel job creation and wage growth. Rising wages can increase disposable income, fuel consumer spending, and demand-driven inflation. However, trade wars between China and the West could adversely affect the Australian economy and the Aussie dollar. Tariffs on exports from China could result in a marked decline in exports. Investors should monitor China's trade data to assess the impact of tariffs on exports. Later in the session on July 12, US producer prices and consumer sentiment figures will also need consideration. Softer US producer prices and inflation expectations could raise bets on a September Fed rate cut. Additionally, upbeat trade data from China could fuel appetite for the Aussie dollar.
#AudToUsdForecast #ChineseTradeData #AustralianEconomy #AussieDollar #TradeWars #Tariffs #UsProducerPrices #ConsumerSentiment #FedRateCut
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-will-chinese-trade-data-propel-the-australian-dollar-1445453
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2024-07-12 01:12:05
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2024-07-12 01:12:05Event JSON
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"content": "AUD to USD Forecast: Will Chinese Trade Data Propel the Australian Dollar?\n==========\n\nOn July 12, trade data from China could influence the Australian economy and the Aussie dollar. Economists forecast exports to increase 8.0% year-on-year in June, signaling an improving demand environment. Higher imports may indicate a sustained increase in demand. China accounts for one-third of Australian exports, and increased demand could fuel job creation and wage growth. Rising wages can increase disposable income, fuel consumer spending, and demand-driven inflation. However, trade wars between China and the West could adversely affect the Australian economy and the Aussie dollar. Tariffs on exports from China could result in a marked decline in exports. Investors should monitor China's trade data to assess the impact of tariffs on exports. Later in the session on July 12, US producer prices and consumer sentiment figures will also need consideration. Softer US producer prices and inflation expectations could raise bets on a September Fed rate cut. Additionally, upbeat trade data from China could fuel appetite for the Aussie dollar.\n\n#AudToUsdForecast #ChineseTradeData #AustralianEconomy #AussieDollar #TradeWars #Tariffs #UsProducerPrices #ConsumerSentiment #FedRateCut\n\nhttps://www.fxempire.com/forecasts/article/aud-to-usd-forecast-will-chinese-trade-data-propel-the-australian-dollar-1445453",
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