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As firmer UST yields encouraged modest.......>

AUSSIE
AUSSIE: As firmer UST yields encouraged modest dollar demand, aussie drifted
back under $0.7900 overnight to print lows of $0.7892. Recovery efforts remained
shallow ahead of and into Europe, last $0.7895. On the downside there is
corporate demand placed at $0.7875 and $0.7840 with market talk suggesting these
are linked to dividend payments this week. Resistance at $0.7918/20 (Aug23 high,
21-dma), a break opens $0.7937/51 (50% $0.8066-0.7808, Aug21-22 highs).  

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