China's trade data

Chinese factory output and retail gains posted good gains today. do you think it will bring about a price jump for the Aussie? since this signifies the strengthening of the Chinese economy and China and Australia are strong BFFs. factory outputs increase means more products and means more demand for raw materials from we know where? Australia.

I’ve kind of got mixed feelings about the Australian economy since the recent commodity tumble might lead to another sharp drop in export revenue, especially with iron ore. Even if volumes rise, they’re selling raw materials at much lower prices. Let’s see how it all turns out in the next set of Chinese data!