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Australian Dollar Eyeing Yearly High Ahead of RBA Minutes, Jobs Data – DailyFX
The Australian Dollar is eyeing a push to fresh yearly highs on positive Covid-19 developments ahead of the RBA meeting minutes and employment data for October.
Australian Dollar Fundamental Forecast: Bullish
- Easing local restrictions may continue to underpin AUD.
- The RBAs dismissal of negative rates may also put a premium on the cyclically-sensitive currency.
- RBA meeting minutes, employment and retail sales data next in focus.
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Further Easing to Underpin AUD
The Australian Dollar may continue to push higher in the coming week on the back of the nations successful suppression of the novel coronavirus….
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