australia, australian dollar, trade war

How China’s Slowing Economy Is Affecting the Australian Dollar

After news of the Chinese manufacturing sector suffering a contraction in December broke out, the Australian dollar sank in response. Due to Australia’s high dependency on Chinese exports, many believe that the Australian dollar might suffer even more in the future. Declining Australian dollar China’s official Purchasing Managers Index (PMI) slipped to 49.7 in December ...

Nspirement Staff