Australian dollar wobbles on new China volatility

Original article by Vanessa Desloires
The Australian Financial Review – Page: 26 : 20-Aug-15

The Australian dollar was trading at $US0.7333 in late trade on 18 August 2015. The Australian currency is under pressure because of weak commodity prices. Copper and aluminium prices have fallen to their lowest levels in six years. National Australia Bank global co-head of foreign exchange strategy Ray Attrill says the Australian dollar usually moves in the same direction as the currencies of Asia’s emerging economies.

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NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, UNITED STATES. FEDERAL RESERVE BOARD, SAXO CAPITAL MARKETS (AUSTRALIA) PTY LTD

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