Tuesday, July 23, 2013

Australian Dollar Getting Creamed Again

Australia has one of the ugliest currencies in the world right now for two related reasons.

Commodities have been weak, and Chinese growth has been poor.

This weekend we got served a brand new helping of poor Chinese data, which we've rounded up here.

As such, more pain for the Aussie dollar.

Here's a chart going back a few days:

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