Greenback catches a bid on GDP beat
The G7 has proved relatively uneventful with leaders pledging to keep markets open and fight protectionism and ensure that trade be “fair and mutually beneficial.” Trump has yet to agree to America’s continued support for the Paris accord and consequently the climate change agenda remains at a standstill. The commodity environment has weakened and that will apply pressure to the AUD across the board, that being said we are a buyer of AUD on dips in most of the crosses.
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