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Screenshot of a breaking news alert e-mail from Q2 2017
The Aussie dollar hit 6 month lows under 0.90 after the US Federal Reserve meeting where officials raised their forecast for the key interest rate. But perhaps more important for AUD were policy developments in China where we believe many in the market got the story wrong. Domestic events took a back seat for AUD but there was a flurry of headlines over ‘dirty’ coal exports to China.