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Lowe Speech Fails To Buoy AUD


Trade Data Due Over The Weekend


No Curve Balls From Lowe To Start


Link To RBA Governor Lowe's Testimony


Futures Little Changed Overnight

FED BEIGE BOOK: Most Fed districts saw modest growth, but trade concerns 
continued to weigh. Employment growth modest; wage growth modest to 
moderate. Inflation modest, with impact from tariffs mixed or not yet 
felt. Majority of businesses maintained optimistic near-term outlook. 
- Manufacturing activity down vs previous report with some reports 
of flagging demand. Sector employment "flat to down;" input cost 
increases outpacing growth in prices received. Uncertainty continued to 
hamper investment decisions. 
- Agricultural conditions weak due to bad weather, low commodity prices, 
trade uncertainties.
- Consumer spending mixed, but auto sales grew modestly in most areas. 
- Home sales constrained by inventory; new construction flat. Commercial 
real estate sales steady, leasing up slightly. 
- Beige Book data gathered through Aug. 23.