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Banking Day

A priority for the payments industry in 2024 will be getting started on the transition of all domestic direct entry electronic payments from the Bulk Electronic Clearing System to the New Payments Platform, which may prove to be a very challenging project. ....

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Australian Dollar Rally Slows, but AUD/JPY, AUD/USD Momentum Points Higher


Australian Dollar Rally Slows, but AUD/JPY, AUD/USD Momentum Points Higher
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Australian Dollar Rates Overview:
The two major AUD-crosses are breaking higher through technical resistance that defined consolidations in recent months.
Growth-linked assets and currencies, like Australian Dollar, continue to benefit from improving investor confidence as coronavirus vaccine approval and deployment has begun across developed Western economies.
There’s a mixed if not bullish bias to the Australian Dollar in the near-term, according to the IG Client Sentiment Index.
Australian Dollar Still Looks Strong
Global risk appetite remains strong, with equity markets having pushed to fresh record highs within recent days. Growth-linked assets and currencies, like Australian Dollar,continue to benefit from improving investor confidence as coronavirus vaccine approval and deployment has begun across developed Western economies. Coupled wi ....

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