Australian Exports MoM (Mar) M/M -2.7% (Prev. 4.9%)
The Australian exports decline of 2.7% month-over-month in March, following a previous rise of 4.9%, suggests a notable weakening in trade momentum.
Hong Kong Financial Secretary Chan announces plans to promote the use of the CNY in commodity pricing
[MARKET ANALYSIS] Fixed income muted, BoJ Minutes fail to spur a reaction
Australian Exports MoM (Mar) M/M -2.7% (Prev. 4.9%)
PBoC injects CNY 27bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8487 vs exp. 6.8087 (prev. 6.8562)
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This shift could impact the AUD, as it may raise concerns about economic growth and trade balances, potentially leading to reconsiderations of monetary policy or interest rates.
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