AUD/USD Struggles at 20-day SMA Despite Record China Trade Surplus - DailyFX


8/7/2022 12:00:00 AM3 years 6 months ago
by Thomas Westwater

The Australian Dollar is trading slightly lower against the US Dollar despite China posting its best trade surplus on record. Covid lockdowns across China weigh on the economic outlook.

Australian Dollar, AUD/USD, China, Trade Balance, Technical Outlook- TALKING POINTS

  • Asia-Pacific market sentiment lags despite rosy economic data out of China
  • China’s city of Yiwu s… [+3205 chars]

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