Inflation drops on China's currency

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General Consensus

The AUD has strengthened against EURO, but fallen against most other currency pairings in the past week. Market sentiment is still defaulted to a negative outlook, and although a successful European summit on the weekend consolidates Europe for the future, the burning issue of Italy’s $1.2T debt mountain awaits. Traders & investors are not willing to accept the problem is resolved as they feel Italian and possibly Spanish debt must be reduced to a sustainable level. The ECB has already been buying Spanish and Italian debt since August this year, but interest rates ( coupon) still stands at a jittery 6.70% for the former . This has affected confidence, and therefore spending habits of the consumers around the world which has slowed China’s production & inflation, and remains the number 1 risk going into a more positive but subdued Christmas break.

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Inflation drops on China's currency

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