Compass Global Markets' Blog

CGM Weekly FX Video Update - 18th July 2017

Posted by Thomas Su on July 18, 2017 at 11:32 AM

 

 

The Aussie Dollar has strengthened 3% over the past week reaching 15 month highs around 78 US cents due to strong Chinese economic data, soft US inflation and retail sales and dovish language from US Fed Reserve chair Janet Yellen, reinforcing expectations the Fed's pace of interest rate rises this year will not be as aggressive as projected.

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