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08.09.2016 • 13:00 Msk
Australian GDP Offers Doesn't Clarify RBA's Next Move, Cools AUD Rally
John Kicklighter
• Australian GDP for 2Q was slightly below the expected pace at 0.5% quarterly growth versus 0.6% expected
• Following the uneven Aussie Dollar climb following the RBA decision to hold rates, conviction faltered
• Swaps market continues to price in one further rate cut from the central bank over the coming year
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