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AUD currency update: Aussie dollar gains despite poor Iron Ore figures

James Baxter - AUD currency update: Aussie dollar gains despite poor Iron Ore figuresJames Baxter
Senior Currency Broker
T: 01442 892 062

The Australian dollar gained on its counterparts overnight in spite of Iron Ore (one of the country’s main exports) suffering its largest one-day slump.

The move in AUD prices will likely be due to the better employment eco-stats issued yesterday evening: Employment Change and the Participation Rate were both better than expected and the Unemployment rate remained at 5.9%. On Tuesday morning we have the RBA Meeting’s Minutes set to be published.

GBP/AUD Currently sits at 1.6560 and AUD/EUR at 0.7115 mid-market.

GBP/AUD exchange rate graph

GBP/AUD exchange rate graph

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James Baxter
Senior Currency Broker
T: 01442 892 062

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