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Dividend Season Not Expected To Have Large Effect


ANZ notes: "Dividend season is fast approaching with the majority of dividends for Australia's largest listed companies being paid between 20 September and 8 October. We estimate net AUD buying of $A6.5bn in the week ending 24 September and net AUD selling of $A6.1bn in the following two weeks. This amount of net AUD buying and selling is only a small share of daily global AUD turnover. As a result, we expect dividend payments will only have a limited and fleeting impact on AUD spot."

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