{
Olivier Korber

People

}
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001122334455554433221100

Australian dollar gains momentum as Chinese economy shows signs of recovery

The Australian Dollar is gaining traction as Société Générale anticipates growth in China's economy, which is expected to boost demand for Australian iron ore. Strategist Olivier Korber suggests that selling the U.S. Dollar against the Australian Dollar is a sound strategy, especially as the AUD/USD approaches a critical resistance level at 0.64. While the AUD has strengthened against the USD, it remains weaker against European currencies, though a breakout could enhance its position against them.
Investing.com UK
Euro United States Dollar British Pound Sterling Australian Dollar AUS UKR USA CHN DEU Olivier Korber Show more
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08:54 19.03.2025
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