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Iraq to support oil output freeze at Algiers OPEC meeting

Iraqi Prime Minister Haider al-Abadi announced on Tuesday that the country would support a freeze in oil production during the next meeting of the Organization of Petroleum Exporting Countries (OPEC) in September.

Key quotes

We are with freezing production at the OPEC meeting

AUD/USD – Corrective rally stuck at 38.2% Fibo

Corrective move in AUD/USD is failing to cut through 0.7526 level, which is the 38.2% Fibo retracement of the up move from 0.7148 (May 30 low) to 0.77
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China: Consumer sentiment falls again - Westpac

Matthew Hassan, Senior Economist at Westpac, notes that the Westpac MNI China Consumer Sentiment Indicator fell a further 2.2% in August to 111.5 down
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