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AUD acting as resilient - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the softer Chinese demand for iron ore is thought to be the key factor driving down prices.

Key Quotes:

“The Australian dollar has been resilient, largely in a broad trading range. This underscores our understanding that the ultimate driving force of currencies from open high-income economies is the market for capital more so than the market for goods”.

“Australia's AAA rating and high yield appeals to both private and public asset managers”.

USD/JPY maintaining good form on 104 handle

USD/JPY is trading at 104.35, up 0.00% on the day, having posted a daily high at 104.38 and low at 104.30.
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