AUD/USD slides amidst US economic resilience, weaker Chinese data – by christianborjon AUDUSD Currencies Majors
Meanwhile, April’s Industrial Production in the US improved to 0.5% MoM, above estimates and prior’s month 0% expansion, and on an annually based, rose by 0.2% above March’s 0.1%.
As of writing, the New York Fed President John Williams stressed that the economy is facing “unacceptably high inflation,” though it’s gradually moving in the right direction.
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