New Zealand M3 Money Supply (YoY) increased to 9.5% from previous 8.1%

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Jul 31, 2015

Asian markets mostly mixed, Shanghai extends weakness

Asian stocks traded mixed on Friday, with the Australian benchmark posting modest gains despite the mixed cues overnight from Wall Street and lower commodity prices. US markets ended in the red on Thursday after earnings results overshadowed upbeat US GDP data while increased Sept rate-hike bets also kept a lid on the US indices.

AUD/USD retakes 0.7300

The AUD/USD pair extends its choppy trend in the mid-Asian session, swinging between gains and losses, largely as the Australian dollar is seen tracking US dollar moves while reversing dismal Australia’s PPI data backed losses.