- Australian Dollar returns to its bearish course after China releases below-expectations trade figures for July.
- The data suggests Chinese demand for Australian raw materials will lessen.
- The US Dollar rises on increased safe-haven buying following the poor data.
The Australian Dollar (AUD) dives to new monthly lows against the US Dollar (USD) on Tuesday after the release of weak Chinese trade data indicates lower demand for Australian raw materials from the world’s second-largest economy and a general slowdown in the global economy.
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