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Nov 7, 2023
AUD/USD remains below 0.6500 ahead of the RBA decision, China Trade Balance
AUD/USD hovers around 0.6490 during the Asian session ahead of the interest rate decision by the Reserve Bank of Australia (RBA) scheduled to be released later in the day at 03:30 GMT.
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Nov 7, 2023
PBOC’s Zhang: Not too worried about the Chinese economy.
Speaking at an international financial summit in Hong Kong on Tuesday, People’s Bank of China’s (PBOC) Deputy Governor Zhang Qingsong said that he is “not too worried about the Chinese economy.” He added that the “overall debt level of the Chinese government is in the mid to lower range by international standards.” Market reaction At the time of writing, AUD/USD is testing intraday lows near 0.6470, down 0.22% on the day, unfazed by the PBOC official’s upbeat remarks.
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