Market Comment |
Australia |
| The S&P/ASX 200 index was flat on Tuesday. The index is above its 20d MA (@ 5575) and below its 50d MA (@ 5592).
Australia: The ANZ Roy Morgan Consumer Confidence Index edged up to 112.5 in the week ended July 26 from 111.8 a week earlier. |
Foreign Exchange |
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| The US dollar was mixed on Tuesday, rising against the EUR and JPY while falling against the CAD, AUD and GBP. On the US economic data front, the Consumer Confidence Index fell to 90.90 in July from 99.87 the prior period while the Richmond Fed Manufacturing Index rose to 13 in July from 7 the prior month.
The British pound rose against most of its major counterparts with the exception of the CAD and AUD. UK GDP growth accelerated to +0.7% in 2Q, as expected, from +0.4% the previous quarter. The Australian dollar was up against most of its major counterparts. |
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