Although the employment data released today morning is outstanding, WESTPAC still forecasts RBA will cut the rate in this August and November. It makes Aussie dropped over 60 pips after the data. Aussie is still weak in G10 currencies. Aussie will continuously rise against most major crosses in short term, helped by continued buying in the Chinese yuan and firmer commodity prices like iron ore.
Prior Strategy:
Nota
The influence of WESTPAC's report is huge and creepy.
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