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Wednesday, July 26, 2017

AUD/USD pops to a new high - some supportive data not hurting

Terms of trade: Australia Q2 Import Price Index -0.1% q/q (expected +0.7%) & Export -5.7% q/q (exp -5.5%) - As I posted in my preview of this ... a fall in the terms of trade confirmed by this data, its not fresh news and not a surprise: China's economy:
AUD/USD pops to a new high - some supportive data not hurting

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