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Trade tensions between the US and China are still a source of significant uncertainty for financial markets.
Political risks and trade uncertainty have seen a vicious cycle of selling in emerging market currencies as investors react to contagion fears.
US shares rose in August on the back of positive company earnings results, while European economic data was soft.
Australia recorded GDP growth of 3.4% year-on-year—the fastest rate since 2012 during the height of the mining boom.
On the Brexit front, the biggest stumbling blocks remain the Irish border plan and the UK’s post-exit trade relationship with the EU.