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Australian Trade Balance Beats Expectations

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 2, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Australia's Trade Balance is within striking distance of returning to surplus for the first time since March 2014. Back then, AUDUSD was trading at 0.9260 having posted a monthly gain of 3.6%. Today we find the currency cross sits below 0.7300 with many analysis (ourselves included) expecting a lower dollar later this year.[​IMG]

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