AUDUSD: Asian foreign exchange increased slightly after China an
Most Asian currencies rose slightly on Wednesday following news that China's economic growth was stronger than expected, although concerns about an escalation in the Israel-Hamas war limited gains.
Fresh concerns about higher long-term US interest rates also persisted after stronger-than-expected September retail sales data, which markets fear could lead to inflation. growth increases.
However, currencies that had been hit hard, especially those with exposure to China, saw some gains after China's third-quarter gross domestic product (GDP) Nation is strongly announced.
Australian Dollar up 0.2%
Fresh concerns about higher long-term US interest rates also persisted after stronger-than-expected September retail sales data, which markets fear could lead to inflation. growth increases.
However, currencies that had been hit hard, especially those with exposure to China, saw some gains after China's third-quarter gross domestic product (GDP) Nation is strongly announced.
Australian Dollar up 0.2%
Comment:
The downtrend has clearly appeared. Let's see if the support port is solid?
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