The weak Chinese economy puts pressure on the Australian dollar
As S&P Global Ratings reports, the 2023 forecast for China's GDP growth rate has been downgraded from 5.5% to 5.2%. This is due to May data showing a slowdown in China's economy. The country's slower economic growth rate is bad news for Australia, for whom China is its main trading partner. This is putting pressure on the AUD/USD pair.
Why to trade with Libertex?
- access to a demo account free of charge
- technical assistance to the operator 5 days a week, 24 hours a day
- leverage up to 1:500
- operate on a platform for any device: Libertex and Metatrader 4 and 5
- no commissions for extractions in Latin America