Not a lot of new news for the $A this week as it tracks back to the bottom of our targeted trading range which sits between 76c – 81c, hence by definition we are bullish short-term on the local currency which coincides with our bearish $US view.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM remains mildly bullish the Australian Dollar.
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