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AUD review

Western Union notes in a report on Wednesday:

  • A big move for the Aussie dollar knocked it to fresh six-year lows against the greenback. China let loose weaker than expected data on factory growth and retail sales. 

  • News from Australia Wednesday, meanwhile, showed consumer sentiment had darkened in March. The strong greenback and growing expectations for a U.S. rate hike have also weighed on the Aussie.

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