China‘s weak data will lead to Euro, Australian dollar fall

Tuesday (18 October) morning Asian market, AUD / USD lows, and broke through the 1.0200 mark integer noted, currently at 1.0210 near the night, through the European debt crisis, the Australian dollar / U.S. dollar since the One-month high at 1.0150 1.0371 sank close again after a rebound.

Barclays Capital (Barclays Capital), Chief Strategist Masafumi Yamamoto said in Japan that, go when China released later on Tuesday, soft economic data, and investors the impression of leaving the global economic downturn, then fell to the euro and Australian dollar is very likely.

10:00 GMT China will release industrial production in September, retail sales and the third quarter GDP data. Generally expected, China's annualized in the third quarter GDP growth of 9.3% expected.

Wednesday (October 19) Asian city at noon, AUD / USD traded high vibration, currently at 1.0265 near the night, through the good news of the AUD / USD has climbed.

German Bank (German Bank), said chief currency strategist John Horner, that is, given the AUD / USD greatly increased this month, and then the principal risks facing the test of time, the dollar over a period of sideways consolidation time experience .

Horner added, given the recent sharp fluctuations in the exchange rate situation may be the euro / dollar fluctuations in the next few days in the area at 1.0000 to 1.0500.

He expects that the Australian dollar / US dollar will probably continue at the top of volatility, the market expects the introduction of the EU summit, at least some details of European aid money.

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