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Currency Market Analysis

Jul 16, 2018 | Currency Market Analysis

Global Themes

Markets look toward Chinese GDP Data

Global equities ended the Friday session mildly positive with the USD dollar retreating moderately from the index highs last week, with Fed member Kaplan highlighting that we could see downgrades in growth due to trade tariffs.

AUD Strengthens

AUDSGD traded above the 1.01 handle in this morning’s trading and will look for Australia’s Reserve Bank minutes and Employment data this week for guidance on its future direction.

Data from China in focus

We have China GDP Data out at 10 AM this morning which will be closely watched in the light of the recent US-China trade war.

Elsewhere, we have a crucial Brexit vote for Theresa May’s embattled government coming up later this week as well.

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