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AUD Price Forecast: Aussie Dollar Hampered by Chinese GDP Expectations

March 6, 2023

Via: DailyFX

The Australian dollar gave up some of its gains this Monday morning after China’s National People’s Congress (NPC) delivered a more conservative outlook for 2023 GDP. Forecasts now point to 5% as opposed to the anticipated 5.5-6% range which may be disappointing for commodity export heavy nations like Australia but the lower base could allow for the greater chance of an upside surprise.

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