Sell AUD/CHF 🔻
📋 China surprises amid the escalating trade dispute with the US and a cooling global economy with a growing export business. In July, exports rose by 3.3 percent year-on-year despite a renewed decline in US business. However, I do not see any stable uptrend, as any support for the quota is obsolete by a weaker yuan in sales and thus the economy. Deliveries to Europe, South Korea, Taiwan and especially to Southeast Asia, on the other hand, increased.
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