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It was a week of net positive economic updates from Australia, but Aussie bulls couldn’t withstand the surprise announcement of the U.S. imposing more tariffs on Chinese goods that sent the markets into risk-off mode.

Overlay of AUD Pairs & Gold (Black Line): 1-Hour Forex Chart
Overlay of AUD Pairs & Gold (Black Line): 1-Hour Forex Chart

Australia Headlines and Economic data

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Friday: