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RBA Unlikely to Alter Language on AUD/USD

Australia’s currency has had one of the most rapid depreciations of its real exchange rate, only beaten by a ragged bunch of troubled economies.  Kieran Davies of Barclays Plc estimates that the Aussie’s 16 percent fall from 2013 to the end of the second quarter is the fastest after Colombia — where growth has halved;  …

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AUD/USD Drops to Below 0.73 after China Manufacturing Data

A key gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, throwing a pall over growth in the world’s second-largest economy.  The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI) came in at 48.2 this month, the Chinese media group said in a joint statement with Markit, a …

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