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Day: July 26, 2018
July 262018
Australian Dollar Fails to Profit from Positive Data
Domestic macroeconomic data was supportive for the Australian dollar today, but that did not prevent the currency from falling. The Australian Bureau of Statistics reported that import prices rose 3.2% in the June quarter from the previous three months, beating the consensus forecast of a 1.9% increase. Export prices increased 1.9%, whereas experts had anticipated a decline. Yet the good report was unable to support the Aussie, which fell versus […]
Read more
July 262018
Australian Dollar Fails to Profit from Positive Data
Domestic macroeconomic data was supportive for the Australian dollar today, but that did not prevent the currency from falling. The Australian Bureau of Statistics reported that import prices rose 3.2% in the June quarter from the previous three months, beating the consensus forecast of a 1.9% increase. Export prices increased 1.9%, whereas experts had anticipated a decline. Yet the good report was unable to support the Aussie, which fell versus […]
Read more