14.10.2016 - The Australian dollar rose against the background of data from China

The Reserve Bank of Australia said about the growth of risk from China, but noted the stability of the Australian banking system to possible shocks. The risks in the housing market declined and banks have tightened standards for mortgage lending to limit the oversupply. It is worth noting that today support for the Australian dollar was the statistics on the growth of the producer price index in China to 1.9% per annum, which is 0.3% better than expected and points to the positive dynamics on the market of coal and steel, which are key export goods in country. Our medium-term outlook for the Australian dollar remains negative with the objectives at 0.7450 and 0.7120 in relation to the expectation of a stronger US dollar, but the current growth may continue in the coming days.

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