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Trading news
2 Feb 2017
AUD outperforming the G10's - Scotiabank
Analysts at Scotiabank explained that AUD is up over 1.0% from Wednesday’s close and outperforming all of the G10 currencies.
Key Quotes:
"AUD/USD is outperforming all of the G10 currencies.on the back of stronger than expected trade figures with a record A$3.5bn surplus for December driven by sizeable increases in exports of iron ore and coal."
"AUD has made a clear break of 0.76, hitting fresh multi-month highs just below 0.77."
"The stronger data should provide confidence to RBA policymakers ahead of next week’s policy decision."
"The RBA is widely expected to hold at 1.50%."