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Sep 03 - 12:12 AM
AUD/USD - Briefly Eases Below 0.6700 On Weak Aus Retail Sales
First appeared on eFXplus on Sep 02 - 09:40 PM
  • AUD/USD edged below 0.6700 after worse than expected Aus retail sales nAZN0NHM00
  • The pair has bounced, as other data released came in better than expected
  • Aus current account showed a large surplus nAZN07HM00
  • Net export contribution to GDP also better than expected nAZN07HM01
  • Better export figure helps offset negative impact from weak inventories
  • AUD/USD now back to 0.6705/10 where it was before the data dump
  • Market now looking ahead to RBA decision and statement

Source:
Refinitiv IFR Research/Market Commentary

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