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Currency Market Analysis

Jul 19, 2018 | Currency Market Analysis

Global Themes

USD slips at index nears one-year highs

The US dollar slipped overnight as the key US dollar index fell way from one-year highs.

The second day of testimony from US Federal Reserve chairman Jerome Powell pressured the greenback the Fed chief signalling there remains a risk of lower inflation.

Pound flattened

The USDSGD ended flat after earlier nearing one-year highs.

The British pound fell after a weaker UK inflation reading.

The Australian dollar was stronger as a late rally in oil and metals saved the pair from falling to the lowest levels

Jobs data

The focus today turns to the Australia jobs market with June employment figures due at 9:30am.

After a strong run of out performance in 2017, local jobs have recently missed expectations, with the revised number below forecasts over the last four releases.

The market is looking for 17k new jobs with the unemployment rate expected to stay steady at 5.4%.

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