Just noticed the Australian currency holding up pretty well despite all the noise in markets lately. Checked the data from China this week - industrial production came in at 5.8%, retail sales 4.2%, nothing too surprising either way. Thing is, when China's economy looks stable like this, it tends to support the AUD since they're our biggest export customer anyway. The AUD/USD pair sitting around 0.6650-0.6680 range, pretty steady. Makes sense when you think about it - China takes like 30% of our exports, mostly iron ore and resources. So whenever their growth looks decent, traders tend to feel better about Australian currency. Watching to see if this holds or if we get more volatility next week.

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