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Australian dollar slips to 10-day low, bonds rally to end tough week

From brecorder.com

The Australian dollar fell to a 10-day low on Friday as markets pared the chance of a rate hike on dovish comments from a top central banker, while bonds got much needed relief to end a brutal week of sell-offs. With the first US presidential debate out of the way and evoking a muted market reaction so far, traders are looking ahead to the US core personal consumption expenditures (PCE) price index due later on Friday, after inflation figures in both Canada and Australia surprised on the upside. The Aussie fell 0.3% to $0.6624, the lowest since June 18. It failed to gain much ground overnight even as the US dollar ... (full story)

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  • Category: Fundamental Analysis