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QSL Market Update

Tuesday, 13 August 2019

The Reserve Bank of Australia (RBA) remained on hold at 1.00% last Tuesday, but a surprise 50bps (basis points) cut by the Reserve Bank of New Zealand (RBNZ) on Wednesday saw the Kiwi Dollar sell off aggressively and the Aussie Dollar fall in sympathy posting a 10-year low of 0.6677.

Plus, the latest UNICA (Brazilian Sugarcane Industry Association) numbers continue to point towards a Brazilian sugar production number sub 26.5 million tonnes. 

To continue reading about the Fundamentals, the Commitments of Traders and more, read our full weekly QSL Market Update by clicking here.