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Subsequent AUD weakness - BMO

FXStreet (Guatemala) - Stephen Gallo, European Head of Currency Strategy at BMO Capital explains conditions resulting in a weak Australian dollar.

Key Quotes

"The obvious point of blame for the AUD & equity market weakness is downside Chinese risks and concerns from within the G20. But with the DXY still rather buoyant and commodity prices in decline, fears over a persistent period of USD strength and rising US yields are probably also an underlying source of the aforementioned moves".

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