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AUD/USD: Likely to be contained between 0.6470/0.6555 – UOB Group

A narrower range of 0.6470/0.6555 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Further range trading seems likely

24-HOUR VIEW: "We expected AUD to 'trade in a range of 0.6510/0.6535' yesterday. Our view of range trading was not wrong, even though AUD traded in a lower and narrower range of 0.6502/0.6529. Further range trading seems likely. Today, we expect AUD to trade between 0.6500 and 0.6530."

1-3 WEEKS VIEW: "We have expected range-trading since last week. Yesterday (11 August, spot at 0.6520), we indicated that 'while we continue to expect range trading, a narrower range of 0.6470/0.6555 is likely enough to contain the price movements for now.' We continue to hold the same view."

Oil prices under pressure ahead of Trump-Putin meeting – Commerzbank

Oil prices last week recorded their sharpest weekly declines since the end of June. At the same time, they fell to their lowest levels in two months. Brent is down 7% compared to the beginning of the month, WTI 7.5%.
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South Africa Unemployment Total : 8.367M (2Q) vs 8.228M

South Africa Unemployment Total : 8.367M (2Q) vs 8.228M
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