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Australian Dollar – China Conundrum

From marketpulse.com

Markets have begun to show signs of stabilising overnight. Asia equity futures traded mixed, and the US Benchmark S&P500 closed unchanged.Crude oil initially declined following the latest inventory survey which pointed to a surprising 2.2 million barrel build. However, prices stabilised quickly and are marching higher at this morning NYMEX and ICE Futures open.Overall risk sentiment was mixed overnight with the Australian Dollar trading in relatively tight ranges with good offers appearing at .7635-40 resistance levels. Likely weighing on Aussie sentiment is the disappointing Chinese Trade Data, which is ... (full story)

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