This has been a turbulent week for the Australians as they felt the effect of the failings in the Chinese stock markets. Yesterday saw Australian dollar touch a five month low against their US counterpart – any further and we would have seen the worst price to buy or sell Australian dollars for US dollars for 8 years! However, yesterday’s employment data was better than expected. and on the back of this we saw some strength for the Antipodean currency; by end of play yesterday it had actually gained 0.1%
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