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Forex: AUD/USD falls to 1.0220 on China GDP chatter

FXstreet.com (Barcelona) - AUD/USD has fallen an additional 20+ pips in the last hour of trading, adding to an early slide from 1.0280 region after Australian housing data gave yet another reason to believe the RBA has further room to cut.

According to Mike Paterson from Forexlive, "talk out there that the next Chinese GDP figure will give real cause for concern" he says, has helped to fuel the latest bear run. The rate is now coming into close contact with strong support at 1.0200-1.0220.

As the host of Bloomberg TV's First Up Susan Li notes: "Asia Pacific traders buzzing on Market News report that China may set a 7% GDP target starting next year -- less than its current 7.5% target."

Forex: Will additional liquidity measures be taken outside of an ECB Rate Cut?

The ECB Monetary Policy Meeting is just around the corner, and after being discussed for quite awhile now we will soon finally know the outcome of the meeting. Due to the lackluster economic data released around the globe over the last few weeks, some analysts believe we will not only see a rate cut by the ECB, but possibly additional measures to provide liquidity.
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Forex: EUR/USD consolidates below 1.3200

The single currency is extending its correction from yesterday’s highs around 1.3240 to the current area of 1.3170/75, ahead of the final manufacturing PMI figures from de euro zone members...
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