AUD verse GBP, EUR, USD

February 29, 2016

The Australian Dollar has managed to hold onto most of the recent gains against the major Europeans despite a heavy fall against the USD on Friday. USA data was stronger than expected with PCE inflation accelerated to 1.7%pa, only modestly short of FOMC's 2%pa target. A full rate hike by the FOMC is now priced for September 2016.

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