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Looks At Busy Schedule Next Week

AUD

AUD/USD traded sideways Thursday, with the U.S. out for the Thanksgiving holiday. The rate last operates at $0.7357, just shy of neutral levels. A break under the 20-EMA at $0.7281 would open up Nov 19 low of $0.7255. On the flip side, gains past Thursday's high of $0.7375 would open up Sep 1 high of $0.7414.

  • Victoria recorded 28 days without new Covid-19 infections, meeting the official definition for the elimination of the virus.
  • Australia and China have continued to trade barbs, as the Global Times' op-ed pushed back against recent comments from Australia's top foreign affairs official.
  • Nothing much left on the Australian docket this week. Next week's highlights include Melbourne Institute Inflation, private sector credit, company operating profit & inventories (Monday), AiG M'fing PMI, CoreLogic House Price Index, BoP current a/c balance, net exports of GDP, building approvals & RBA MonPol decision (Tuesday), GDP (Wednesday), housing finance data & trade balance (Thursday) and retail sales (Friday).

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