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Australian Dollar Tops US$0.80, Eyes Best Weekly Run Since Mid ’16

From dailyfx.com

AUD/USD has inched back above the important psychological resistance level of 0.800 Friday and looks set for a sixth straight week in the green. The Australian Dollar has had the benefit of a powerful combination of domestic and offshore factors in its corner over the last month or so. Consumer sentiment and retail sales have picked up nicely, where once they lagged. Job creation remains extremely strong overall, despite a rather mixed bag of numbers this week. China’s growth can never be far away from the Aussie’s fortunes given the vast trade links between Australia and Asia’s number one economy. So news that ... (full story)

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  • Category: Fundamental Analysis