Author: Dennis Li
Over the weekend we saw the Aussie extend its losses across the board against other major currencies. The AUDUSD edged lower to a fresh two-and-a-half-year low of 0.7039 following the release of US employment data on Friday. The AUDGBP also fell by 1.1% touching a 27-month low with optimism of a Brexit deal to be reached by the end of 2018.
We have a quiet week ahead in the local economic calendar however we get British GDP on Wednesday, US inflation data on Wednesday (PPI) and Thursday (CPI) with the Chinese Trade Balance on Friday.
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