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"Mid-Day Report: Dollar Broadly Lower, Commodity Currencies Strong Dollar weakens broadly today, in particular against commodity currencies. Aussie was lifted as RBA stayed neutral after keep rates unchanged. Canadian dollar also follow the rebound in oil price. Among European majors, Sterling is the stronger one as supported by recent economic data. Released earlier today, Swiss GDP grew 0.6% qoq in Q2, above expectation of 0.2% qoq. That's the fastest pace since SNB abruptly remove the can on exchange rate in January 2015. The SECO noted that positive contributions to GDP came from foreign trade as well as government consumption. Also from Swiss, CPI dropped -0.1% mom, -0.1% yoy in August, in line with consensus. Eurozone GDP was finalized at 0.3% qoq in Q2, unrevised. Eurozone retail PMI rose to 51 in August. German factory orders rose 0.2% mom in July, below expectation of 0.5% mom. UK BRC sales monitor dropped -0.9% yoy in August. Forex, Forex Portal, Forex Trading. Forex", www.actionforex.com
"TOKYO — The Australian dollar jumped on Tuesday (Sept 6) against most major currencies as the nation’s central bank kept interest rates unchanged at a record low. At 3.30pm (Singapore time), A$1 was trading at S$1.0379, up 0.87 per cent from S$1.0288 at the start of trading. This was a level not seen since April 26 this year. The Reserve Bank of Australia has cut rates twice in the past four months, including by 25 basis points in August, in a bid to boost sluggish inflation as the economy transitions towards non-resources growth after a mining investment boom.", www.todayonline.com
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