The Aussie and Kiwi dollar have both lost some of the strength previously gained thanks to sterling’s poor performance last week.
We have a raft of information released from Australia including New Home Sales, TD Securities Inflation (year-on-year) and Company Gross Operating Profits. We expect further movement this week, and expect the commodity-linked currencies to be negatively affected if an oil freeze on supply is confirmed this week. In the evening, we will also see New Zealand release their Terms of Trade Index.
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