AUDUSD could see a further drop to the 0.66 mark over the coming days – ING AUDUSD Australia China RBA Banks
Big divergence between external and internal drivers
“China may face new lockdowns, and the latest data showed a larger-than-expected slowdown. That out shadowed the positive news that Beijing may end its ban on Australian coal. At the same time, iron ore prices continued to be under significant pressure, having now dropped below $100 on demand concerns.”
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