Analysis

AUD slips on weak GDP & Commodities [Video]

AUD slips on weak GDP & Commodities –  The weakness in AUD on disappointing  Australian Q3 GDP, soft oil prices, tech sector woes, Brexit-related anxieties, and concerns about the lofty valuations of stock markets, have collectively been weighing on global equity markets, in turn pushing up safe havens, such as the Japanese currency and gold. Meanwhile, Sterling is among the biggest losers as markets lose some of their recent faith that the UK and EU are near to finding an accord on divorce terms, with the Irish border remaining a key sticking point.

 

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