CGM Weekly FX Video Update – 4th July 2017



Softer US inflation and a weaker USD expected as the pace of future rate hikes ease. Fed minutes (Thu) & US jobs plus average hourly earnings data (Fri) are in focus. AUD remains firm in 0.75-0.77 range with RBA expected to keep interest rates on hold today & for the next 12 months. Aussie retail sales (May) came in better than expected at 0.6% vs forecasted 0.2%.

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