China's stumble could mean an Aussie fall

Weakening commodity prices indicate that China's growth spurt has lost momentum. A slowdown in the Middle Kingdom will have a greater impact on Australia than US tapering.

In the last few days we have been given another sneak preview into what happens when the US begins to taper its money printing via quantitative easing. And there are also some early signs that China may be changing direction. Any Chinese setback will have a similar effect on the Australian currency, commodities and shares as an end to US quantitative easing. The Australian dollar fell 3 cents in seven trading days to October 31, although it is now stabilising.

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