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Aussie Flies After Jobs Overwhelm

From globalprime.com.au

The Australian Dollar has attracted the most buy-side interest as we head into the European session after a huge beat in expectations in the Australian employment figures. The latest run up in the Aussie has now allowed the currency to overcome the British Pound in net gains this December, as the latter continues to suffer from the renewed uncertainty of a hard Brexit should UK PM Johnson keep the hard-line stance of exiting the EU (deal or not) by the end of Dec 2020. The currency that keeps showing the most consistent buy-side flows is the Kiwi as evidence mounts that the New Zealand economy has turned an important ... (full story)

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  • Category: Fundamental Analysis