EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
Stronger Australian business conditions in August released on Tuesday were not good enough to push the Aussie higher. We saw the AUD finish at just above 0.7110 against the USD with today’s opening rate disguising a slightly volatile night’s range of 50 points after further developments surrounding the US-China trade conflict.
Investors will keep an eye on the US inflation data out tomorrow tonight and Australian employment data tomorrow which may prove to be the catalyst for the next major move on the AUD.
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