Day: July 24, 2024

Australian Dollar Continues Downward Spiral Amidst China’s Economic Concerns

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The Australian Dollar (AUD) faced further pressure on Wednesday, dropping below 0.6600 against the US Dollar (USD). This decline was primarily attributed to growing worries about China’s economic health, compounded by falling iron ore prices and weaker-than-expected Australian Judo Bank Flash PMI data. Despite the apparent weakening of the Australian economy, the Reserve Bank of […]

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