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Weekly Fundamental Australian Dollar Forecast: Nothing to Like, No Saving Grace Advertisement Fundamental Forecast for the Australian Dollar: Bearish The third week of July brings about a quieter economic calendar for Australia; there are zero ‘high’ rated events on the DailyFX Economic Calendar. The Citi Economic Surprise Index for Australia, a time-decay measure of data momentum, closed the week at +35.8, slightly lower than its closing level last week at +38.2. Australian Dollar’s Tough Week Nothing good is going on down under. Even though July typically brings about a better performance for the Australian Dollar, it has not showed. The Australian Dollarfinished the week at its weekly lows, monthly lows, and yearly lows. And its performance showed: AUD/JPY dropped by -1.33%; AUD/USD by -1.32%; EUR/AUD added +0.65%; and GBP/AUD gained +0.34%. Renewed lockdowns in the face of already sputtering economic data has left the Australian Dollar without any positive catalysts i

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