CBA says China could give AUD a boost

Info comes via a Wall Street Journal (gated) report on the AUD outlook from Commonwealth Bank of Australia:

• AUD/USD has faced challenges since Trump’s election win in November
• Trump has raised trade war risks
• China’s response to trade threats will be a key factor influencing the Australian dollar’s outlook

CBA also point to next week in China:

• annual session of China’s National People’s Congress begins on Wednesday
• expected to introduce increased government spending to offset the effects of higher U.S. tariffs on Chinese imports
• indications to a larger-than-anticipated stimulus could boost the AUD, NZD, and CNH

This article was written by Eamonn Sheridan at www.forexlive.com.