Aussie dollar weekly – 27 July 2018

30 July 2018

 

Another week passes with the Australian dollar trying but once again failing to break through the US 75 cent mark. Breaking through key resistance around 0.7440, AUDUSD pushed higher through the first half of the week on the back of stronger commodity prices and a more positive tone towards China’s accommodative policies to support economic growth. The rally stalled momentarily as Australia’s June quarter inflation data came in weaker than...

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