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compass pointing north

AUD claws back losses into close as US-China trade tensions subside

20 August, 2018

After spending the week below the 73c handle and touching an eighteen-month low of 0.7214 against the U.S Dollar, the local unit staged a recovery during the North American session and managed to close the week at 0.7314. The move was mostly linked to a broad-based USD sell-off and a rebound in base metals. Copper, iron ore and oil all rose as well as seeing a pull-back ...

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