NEWS

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Eurozone August retail sales saw the worst decline almost two years, however the Euro shrugged off the bad news to move higher as it showed it's teflon qualities after ignoring the Catalonia referendum crisis in Spain.

The Reserve Bank of Australia has kept its cash rate on hold at a record low of 1.5%.

Australia’s agri-food exports increased in value for the seventh consecutive year in 2016/17, the top five destinations accounting for 48.2% of the value. The largest growth market in 2016/17 was India with China still the main destination.

Australian cotton exports increased significantly in 2016/17 largely due to an expansion in the area of cotton planted leading to increased production Rural Bank's 2016/17 Australian Agriculture Trade Performance report showed.

Strong demand from China for Australian wool  in 2016/17 saw higher exports with higher prices Rural Bank's 2016/17 Australian Agriculture Trade Performance report showed. 

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