Australian Dollar Outlook Unfazed by Extended COVID-19 Restrictions

The Australian Dollar may rise despite the extension of economically-devastating Covid-19 restrictions in Victoria, Australia’s second most populous state.

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Australia – Westpac Consumer Confidence Index for September: +18.0% m/m (prior -9.5%)

Australia – Westpac Consumer Confidence Index for September improves to 93.8 – prior -9.5% to 79.5    more to come  

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Australia data – ANZ Job Ads for Auguist : +1.6% (prior +19.1%)

A revision for the prior, was +16.7%, revised to +19.1%

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Recap September 6: Stocks drop, economy recovers, real pandemic numbers (Recap Ep087)

In this week’s recap talk about the real pandemic numbers and see how the economy is recovering but stocks dropped during these days. Factories in Asia & Europe continue to…

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Ahead of RBA

Busy calendars in the US, the EU and Asia will keep markets on their toes this week. In the US, further evidence that the recovery continues at a solid pace…

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China has begun its investigation into Australian wine subsidies

China investigating Australia dumping wine Earlier on this: AUD tipping a little lower 

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USOil – Reduced Production and Economic Recovery

Crude Oil Looks Neutral USOIL trades have been in the range of $39.20 – $41.90 since the beginning of July. Various factors drive the oil market, all of which eventually…

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RBA: What we shall focus on from the RBA’s meeting

The RBA’s meeting is in focus ahead of Asia Session. No change is anticipated  to the 0.25% rate setting. The Bank has expressed its commitment to ease credit conditions, seeking…

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Events to Look Out for Next Week

Things are likely to get quiet now until the middle of August, when officials start to return from the summer holidays and another round of EU-UK trade talks is set…

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Australia Building Approvals for June -4.9% m/m

Australia data out includes exports and import prices for Q2 – 1.24% q/q and -1.9% respectively Export Price Index -2.4%   Import Price Index -1.9% 

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