Question from Norin: How will the Chinese government stimulus package affect the NZD or AUD?

Question from Norin: How will the Chinese government stimulus package affect the NZD or AUD?

Posted by Mario Sant Singh 18 December 2012 0 Comment

China is Australia’s biggest trading partner. When the Chinese initiate government stimulus measures to tackle its economic slowdown, it will also affect Australia’s export market and to some extent, New Zealand.

The latest economic numbers from China suggest that the Chinese economy might have bottomed out and might register better growth rate going into Q1 2013. This gave support to the AUD and kept the AUDUSD above the 1.0500 level.

The same is happening to the NZDUSD since it looks like it is breaking above the key resistance of 0.8400.

To your success as a profitable trader,

Mario

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australia, china, currency trading, exchange rate, foreign currency, forex, forex trading, government, New Zealand, resistance, stimulus, support

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