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Aussie at two-year highs vs. dollar after RBA minutes

Published 07/18/2017, 05:29 AM
Updated 07/18/2017, 05:29 AM

Investing.com - The Aussie Tuesday surged over 1% against the dollar to levels last seen two years ago.
The jump came after the release of the minutes of the latest Reserve Bank of Australia's policy meeting, which were deemed hawkish.
The Aussie was up 1.37% at $0.7909 at 04:30 ET. The last time it touched $0.80 was in May 2015.
The minutes highlighted the strengthening of the labor market and China maintaining its pace of growth.
“Members noted that the strength of recent labor market data had removed some of the downside risk in the Bank’s forecast of wage growth.”
"The recent pick-up in growth in employment should also support a pick-up in household income growth, and therefore consumption growth."

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