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The pop in the AUD is 'fragile,' says currency strategist Sean Callow of Westpac Bank explains why buying the AUD on Monday is "foolish" even if the currency firmed in the wake of a surprise election result.
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| Why Yuan at Seven Would Risk Further Inflaming Trade Tensions The yuan's rapid slide risks re-igniting one of U.S. President Donald Trump's favorite criticisms of China: that Beijing weakens its currency to aid ...
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| Offshore-listed Chinese companies to sell the yuan, buy foreign currencies from June to August ... exchange rate is the trade talks. The currency may weaken towards 7 amid the negotiations, but won't break that level as that would agitate the U.S.".
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| Australian dollar jumps after election surprise, yen edges lower The dollar index against a basket of currencies was a shade higher at 98.024, having booked its biggest weekly rise since early March last week.
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