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The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.
Daily price is below 200 SMA by trying to break symmentic triangle pattern with support level at 0.68 to below for the primary bearish trend to be continuing. Alternatively, the price may be bounced from support level to above for the secondary ranging to be started.

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Overall consumer prices in Japan were up 2.5 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday.

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UK retail sales declined in May as high cost of living pulled consumer sentiment to a record low and weighed on households' spending in food stores, data showed on Friday. Retail sales volume dropped 0.5 percent month-on-month in May, reversing a revised 0.4 percent increase in April, the Office for National Statistics said. Economists had forecast sales to drop 0.7 percent.

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The manufacturing sector in Japan continued to expand in June, albeit at a slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 52.7.

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The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 55.8.

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