AUD/USD drops as market sentiment falters, approaching support at 0.6640
The Aussie is under growing bearish pressure amid a deteriorating market mood.
Source: fxstreet.com
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Further US Dollar weakness is likely in the months ahead – SocGen
The correlation between the Dollar and Fed Funds futures is unusually strong now, and if it persists, further USD upside is limited, economists at Société Générale report.
Source: fxstreet.com
China Customs: 2023 exports and imports of goods are better than expected
China's Customs is out with the country’s annual exports and imports data for 2023, noting that “China’s 2023 exports and imports of goods are better than expected.” Additional details China 2023 Yuan-denominated exports +0.6% YoY.
Source: fxstreet.com
China's CPI inflation rises to -0.3% YoY in December vs. -0.4% expected
China’s Consumer Price Index (CPI) fell 0.3% YoY in December after dropping 0.5% in November.
Source: fxstreet.com
China's Trade Balance: Surplus widens more-than-expected in December as exports surge
China's Trade Balance for December, in Chinese Yuan terms, came in at CNY540.90 billion, widening from the previous figure of CNY490.82 billion.
Source: fxstreet.com