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AUD down on speculation, GBP down on Brexit; US trade, RBA MPS

Exclusive Capital Ltd.

Market Recap

Same same: stock markets down, AUD down, JPY up.

However the large fall in AUD deserves some attention, particularly on a day when iron or futures in Singapore were up 1% to the highest level of the year. It appears that speculators are still taking positions against the currency, perhaps in anticipation of some new insight from the Monetary Policy Statement (MPS) that’s due out overnight.

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Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/aud-down-on-speculation-gbp-down-on-brexit-us-trade-rba-mps/
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