AUD/USD is trading 0.77% lower on the session breaking 0.68 the handle. Poor data from China and Australia overnight is affecting the pair. Fundamental Backdrop Overnight AUD/USD underperformed after the October employment change data recorded at -19.0K vs the expected 15.0K and previous of 14.7K. The weakness was pretty broadly based, as full-time employment dropped 10.3k, while part-time employment fell 8.7k. So it seems the US-China trade war is having an impact on the Aussies and the news didn’t get much better after the Chinese data disappointed too. Chinese Industrial Production (YoY) (Oct) 4.7% vs expected 5.4%, previous 5.8%. It seems the bearishness from overnight has spilt into the EU session and selling has exacerbated. Today the 0.68 handle has been taken to the downside making this the lowest level traded since October 17th 2019. The RBA are still on wait and see mode at the moment like many other of the worlds central banks. This data could potentially impact their decision making as it was pretty weak. AUD/USD Daily Chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD slides back closer to daily lows, below mid-1.2800s FX Street 3 years AUD/USD is trading 0.77% lower on the session breaking 0.68 the handle. Poor data from China and Australia overnight is affecting the pair. Fundamental Backdrop Overnight AUD/USD underperformed after the October employment change data recorded at -19.0K vs the expected 15.0K and previous of 14.7K. The weakness was pretty broadly based, as full-time employment dropped 10.3k, while part-time employment fell 8.7k. So it seems the US-China trade war is having an impact on the Aussies and the news didn't get much better after the Chinese data disappointed too. Chinese Industrial Production (YoY) (Oct) 4.7% vs expected 5.4%, previous 5.8%. It… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
