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Strong German Trade Surplus Boosts Euro

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Date: July 11th, 2017.

Demand for risk was weak yesterday, leaving AUD slipping below opening levels against many of its peers. Although iron ore prices had inched up slightly, Chinese consumer price index figures revealed that the growth rate remained unchanged at 1.5%, against forecasts of an uptick to 1.6%. While not a major development, it nonetheless gave markets [...]

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Even though the June services PMI showed a solid uptick in growth on the month this was not enough to shore up the ‘Aussie’. Investors are still reluctant to buy back into the antipodean currency in the wake of the Reserve Bank of Australia’s (RBA) neutral policy meeting. With the prospect of tighter monetary policy [...]

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Markets failed to take any particular encouragement from the Reserve Bank of Australia’s (RBA) policy meeting, with the central bank maintaining a distinctly neutral tone at this juncture. This disappointed investor hopes that the RBA could take a cue from other major central banks and turn more hawkish in outlook. With market risk appetite generally [...]

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The Australian Dollar ended the week on mixed form, losing out against the commodity currencies and the US Dollar. Markets were largely selling the ‘Aussie’ after it hit multi-week highs, taking profit on the recent gains. This meant that AUD failed to benefit from a consistent pace of private sector credit, or the fact that [...]

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A solid increase in the HIA new home sales data pointed towards a state of continued heat in the Australian housing market. Even so, the mood towards the ‘Aussie’ remained generally positive as copper prices continued to perform well. The Australian Dollar also benefitted from the weakness of the US Dollar as investors sought out [...]

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In the absence of fresh domestic data the ‘Aussie’ was buoyed by a general uptick in market risk appetite. With commodity prices strengthening on the back of a weaker US Dollar the appeal of the Australian Dollar improved. However, as the antipodean currency was largely driven by the softness of other majors its gains remained [...]

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A disappointing ANZ Roy Morgan weekly consumer confidence index reading prompted the ‘Aussie’ to trend lower against many of the majors on Tuesday. The Australian Dollar was also weighed down by softening copper prices, with demand for the commodity dented by signs of a weaker US economy. With risk appetite generally limited investors saw little [...]

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The Australian Dollar was on mixed form yesterday, making some solid gains versus its peers, but faltering against others like the Pound and the Euro, which were both enjoying strong tailwinds. Investors were feeling more risky and so were inclined to buy into the high-yield ‘Aussie’. There was no domestic data to provide support, but [...]

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A weakening US Dollar created plenty of appetite for riskier currencies on Friday, pushing the Australian Dollar higher versus the majors. There was no domestic data to provide support, but the ‘Aussie’ was also aided by the news that iron ore prices were on the rise after a significant tumble over the past few weeks. [...]

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The Australian Dollar was on weak form yesterday, with its ‘best’ performances being a hold around opening levels against the Pound. The crude oil markets remained in weak position, even if oil prices were beginning to edge up from recent lows, worrying investors across the globe and keeping a lid on risk appetite. Sterling The [...]

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