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Wall Street Keeps Overestimating China's Macro Data

Market Depth

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The Aussie Dollar and the China Data Reaction

The Aussie dollar is a liquid DM proxy currency for C and H or for China activity which is also an Asia Pacific regional that is fully open for trading. And then here's my go to dollar you on versus copper futures copper got crushed today. Perhaps on the China data reaction but again like it was already on its downside as you can see it's not like it reverse course upon the China data release right. So if anything at best I would say that you know the China data you just kind of exacerbated an existing directional downside move on copper right so don't like listen to people when they say like the China data crushed copper.

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