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5 May 2016
AUD/USD: recent events - Scotiabank
Analysts at Scotiabank noted the recent events in Australia.
Key Quotes:
"The March trade deficit narrowed to –AUD2.16bn from February’s –3.04bn. RBA Deputy Governor Lowe will replace Governor Stevens when his term expires in September."
"Australia reported slightly better than expected retail sales data for March (+0.4% versus +0.3% consensus) and an upward revision to the February report."
Key Quotes:
"The March trade deficit narrowed to –AUD2.16bn from February’s –3.04bn. RBA Deputy Governor Lowe will replace Governor Stevens when his term expires in September."
"Australia reported slightly better than expected retail sales data for March (+0.4% versus +0.3% consensus) and an upward revision to the February report."