Australian dollar to strengthen after Morrison clings to power

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The Aussie sank to 68.68 cents last week amid a rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon.

A speech by Reserve Bank Governor Philip Lowe on Tuesday will be critical for the near-term direction of the Australian dollar and rates, Ticehurst said. Lowe has previously used speeches to provide monetary policy guidance, he said.

 

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