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AUD/USD Weekly Forecast – 01 January – 05 January

Friday, Dec 29 2017
AUD/USD Weekly Forecast – 01 January – 05 January

Events that marked the week:

There were no data releases from Australia last week, but from China Industrial Profit figures were published. Profit growth at Chinese industrial firms slowed in November as producer prices rebound appeared to soften. Industrial profits rose 14.9 percent last month from a year earlier, compared with previously reported 25.1 percent in October, the statistics bureau said on Wednesday. Robust demand and consistent factory inflation have lifted profitability this year.

It has not been an easy year for Australia and many of the challenges the region has faced will continue over into 2018. The first is to find new sources of growth. Some economies in the region are busy catching up to the technological frontier. But those that are approaching it or those that are already there are more concerned about stagnation. Australia continues to be concerned about productivity and where it might be found.

 

This week markets will be looking at:

 

Caixin Manufacturing PMI (Tuesday 2:45)

Trade Balance (Friday 1:30)

More in this category: « EUR/USD Weekly Forecast – 25 December – 29 December GBP/USD Weekly Forecast – 01 January – 05 January »

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