August 8th Weekly Westpac Foreign Exchange Video News

Sean Callow talks about the Australian unemployment report which drove the AUD to two month lows and created the prospect of another rate cut. He goes on to talk about factors balancing the AUD at levels above 92 cents. Pushing the AUD up are the expected positive business and consumer sentiment results and rise in iron ore shipments in July, while pulling it down are the geo-political issues such as the sanctions on Russia and prospect of US military action in northern Iraq, which will affect global investor sentiments.

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