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A miss on Australian Retail Sales (0.0%......>

AUSSIE
AUSSIE: A miss on Australian Retail Sales (0.0% m/m vs median 0.2%) overnight
pressured the AUD back under $0.7500 to extended react lows of $0.7491. Recovery
efforts have so far remained shallow into Europe with the pair trading either
side of $0.7500. The soft release further confirms that the central bank are
expected to leave rates on hold through 2018. In other news, the Australian
budget is expected to start from 0930GMT today. Support remains around the
$0.7470/75 area from the May lows, a break here opens $0.7462/57 (2% volatility
band, Jun6 2017 low). Aud/Usd last $0.7507. 

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