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Sep 07 - 11:55 PM

AUD/USD - Trade Surplus Worse Than Expected As Exports Plunge

By John Noonan  —  Sep 07 - 09:45 PM
  • Aus July trade surplus worse than expected as Aus exports plunge 10%

  • Muted reaction in AUD/USD - which is down a few pips to 0.6735/40

  • Export fall reflects move lower in key commodities and weakening demand

  • AUD/USD support at yesterday's 0.6699 low and 2022 low at 0.6682

  • Bids are tipped around 0.6700 - where it held yesterday

  • Market will now look to RBA's Lowe speech at 1:05 PM local time

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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