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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.40+0.5%Dec 9 4:00 PM EST

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To: Follies who wrote (76975)3/9/2012 6:53:48 AM
From: elmatador  Read Replies (1) of 218308
 
AUD and impact of China's foot off gas pedal. “Developments in China are having an impact. Australia’s trade deficit was driven by China,” said Mr. Stannard.

“The mixed data from China suggests its rebalancing (towards domestic consumption) is slowing down. Growth is relying on investment rather than expanding consumption. That could leave Europe exposed, if Germany’s exports start to be affected.”

Read more: ctv.ca

Australia's trade account dives to A$673mn deficit on China, gold and iron ore

The latest trade numbers show that Australia's account unexpectedly slipped into the red in January as exports to China were hit by the Lunar holiday and gold shipments which took a steep dip.

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