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Weekly Roundup: Australian dollar wobbles in choppy trade

currency-newsWeekly Roundup: Australian dollar wobbles in choppy trade
The Australian dollar fluctuated last week as risk appetite shifted, creating volatility for the risk-sensitive currency.

Mixed data releases out of China and Australia also caused some turbulence.

A slump in Chinese retail sales and poor Aussie wage data were offset by hawkish meeting minutes from the Reserve Bank of Australia (RBA) and strong Australian jobs data.

This week, the Australian election results could cause some more tremors in AUD exchange rates.

Additionally, positive predictions for Australia’s retail sales in April could end up boosting the ‘Aussie’.
Philip McHugh

Philip McHugh

Joining the corporate trading desk in 2007, Phil now over sees all of Currencies Direct’s corporate dealing activity. Having gained experience working with hundreds of businesses to optimise international payments processes and execute comprehensive risk management strategies, Phil currently works with a portfolio of corporate clients whilst managing Currencies Direct’s overall market exposure

Phil has FCA approval and has completed the Certificate in International Treasury Management (CertiTM)

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