Author: Dennis Li
The AUD maintained yesterday’s gains against the USD keeping above 0.7400 for the duration of offshore trading. It has also held up nicely across all the majors holding on to gains against the GBP and NZD particularly and regaining ground against the EUR after a little pull back overnight. Generally a quiet night from a data perspective but today’s Chinese trade balance and tomorrow’s Chinese CPI are the next data releases that will potentially influence the AUD’s direction.
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