AUD/USD Maintains Bearish Trend on Disappointing China Data

<p>China’s exports post worst plunge since February 2020 China’s imports from Australia fell 10.9% y/y, which was a major reversal from the 6.2% gain seen last month Also adding pressure on AUD was PBOC fixing, which sent the yuan to weakest level in almost a month Global economic recovery suffers major blow on China woes […]</p>
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