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Screenshot of a breaking news alert e-mail from Q2 2017
The AUD saw a positive week with two factors driving it up – the higher than expected GDP numbers and an optimistic note from the RBA. It continues to defy falling iron ore prices with local and global factors holding it up. Internationally, the ECBs rate cut and policy easing measures have led to buying of the AUD and selling of the Euro, but the strength of the US economy and therefore the USD indicates that the AUD will struggle to break through the 94 cent mark…