Australian leading index remains subdued: ‘Slow motion’ recovery continues to underwhelm ...Middle East

Notes from analysts at WPAC:

Leading Index growth rate ticks up to 0.12% in July.‘Slow motion’ recovery continues to underwhelm. Main headwind coming from commodity price falls and higher AUD.Softer tone from labour market but other components lacking direction.

AUD/USD is little changed circa 0.6494.

This article was written by Eamonn Sheridan at investinglive.com.

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