NEWS

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Australian mining giant BHP Billiton $BHP announced it's iron ore production report and forward guidance Wednesday. $BHP produced 231 million tonnes in the year to June 30.

The Australian dollar continued its upward trajectory against the U.S. dollar since it broke and tested .7500 back in June. It broke the 2016 high of 0.7835 to trade up to o.7943 earlier. Why? and where to?

Goldman Sachs $GS reported much better than expected second quarter earnings before the open Tuesday. However the market was concerned by slumping fixed income revenue. 

UK inflation rate has fallen to 2.6% in June, down from 2.9% in May.
Pound falls

Bank of America (BAC) reported better than expected second-quarter earnings early Tuesday before the bell. $BAC saw a fall in trading but that was overcome by growth Consumer Banking, in its largest unit. 

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