The Australian dollar has no respite. Since Australian GDP disappointed, economists are lining up to predict the timing of a rate cut, which is now on the cards for some time in 2015. And now, the Aussie receives a blow from its No. 1 trade partner: China. This sends the pair lower, and it is now more comfortable under 0.83, a line that seemed far away not too long ago. China reported a surplus of 54.5 billion dollars, which is a record and higher than 44.4 billion expected. But, the details give no reasons to be cheerful: imports dropped by 6.7%, contrary to an advance of 3.8% predicted. China imports commodities from Australia. Also exports fell short of predictions with only +4.7% instead of +8% that was forecast. The slowdown in China, that may reach a growth rate of 7% or below in 2015, adds to the weight on the Aussie. Opinion: Sell AUD/USD – Barclays’ Trade Of The Week Here is the chart, that shows some recovery from the new low of 0.8259, but is far from being a threat on 0.83: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next GOLD: Set To Extend Recovery FX Tech Strategy 8 years The Australian dollar has no respite. Since Australian GDP disappointed, economists are lining up to predict the timing of a rate cut, which is now on the cards for some time in 2015. And now, the Aussie receives a blow from its No. 1 trade partner: China. This sends the pair lower, and it is now more comfortable under 0.83, a line that seemed far away not too long ago. China reported a surplus of 54.5 billion dollars, which is a record and higher than 44.4 billion expected. But, the details give no reasons to be cheerful: imports dropped by… 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.