AUD dips 15 pips after Chinese trade data

The Chinese trade surplus in November fell below $20 billion from $32 billion last month.

AUD/USD dipped from 1.0480 to 1.0465 but is now steadying.

  1. Sean, I have an idea given the bad chinese trade data. Long GBP/AUD. Currently EUR negative will support GBP via EUR/GBP. I can see AUD down to 1.04 or even further to 1.0350 with GBP unchanged or higher from current level. What do you think?

  2. Sounds like a good plan to me Jason, and I do love my cross-ccy pairs as you know. GBP/AUD is probably bit safer play than EUR/AUD, as the EUR is on a run of bad news. I’d imagine that a pop up to 15350 is at least achievable in s/t

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