020 7898 0500Australia will be the busiest of the exotic currencies this week, with three major releases that will affect their Dollar. The Antipodean nation ended last week strongly, gaining more than 1% against both sterling and the US dollar, and will hoping for much of the same. Early Tuesday the National Australia Bank (NAB) Business Confidence is unveiled; after falling last month, the Australians will be hoping for some stronger data this time. Thursday will offer some insight into Australia’s unemployment statistics. The pivotal Employment Change and Unemployment Rate are released simultaneously and can often have a significant effect on the market.
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