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S&P ratings revise Australian state Queensland rating outlook to negative

Australia news, tweet via Head of Financial Markets Strategy, Westpac, Martin Whetton:

S&P cites weaker budget performance.

Sheesh, if Queensland is copping it some other states (looking at you Victoria) can’t be far behind.

This is not an AUD positive.

This article was written by Eamonn Sheridan at www.forexlive.com.

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