CGM Weekly FX Video Update – 5th September 2017

 

USD continues to weaken after softer than expected US jobs & wages growth in August. Elevated geopolitical risk on the Korean peninsula is also weighing heavily on the USD. AUD/USD remains confined to the 0.7850-0.8050 range short term. Local market awaits Q2 GDP data at 11.30am AEST tomorrow (Wed). ECB meets on Thursday.

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