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China: a new growth paradigm - TDS

FXStreet (Guatemala) - Cristian Maggio, Head of Emerging Markets Strategy at TD Securities explained that China’s economic miracle is not over.

See here for recent price action in AUD/USD

Key Quotes:

"It’s just transforming in order to build the foundations of a new growth paradigm that helps sustain growth for decades to come. Possible, but I struggle to see that far in the future.

The real question is, what is the market going to do with China in the next 6-12 months?

Will investors discount today a new better China in 5 or 10 years, or be carried away with the all the visible downsides of the adjustment?

I would like to answer that the former is true, but I’m afraid that most in the market will continue to look at the latter."

ECB possible moves to determine EUR/USD - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD remained confined to a 50 pips range ever since the day started, and trades a handful of pips below the daily opening by the US close.
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