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AUD/USD Fundamental Analysis May 28, 2012 Forecast

posted by Avatar FXEmpire 357 days ago in USD, AUD, Fundamental made popular 356 days ago

The AUD/USD is trading at 0.9748 slightly off, after being weighed down by poor manufacturing data from Europe and China.

The Australian economy is so dependent on China and its exports to Europe, that the ongoing crisis in Europe is having negative effects on the AUD. The slowdown in China continues to slow growth and business in its local neighb
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