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AUD/AUD started the week on a softer note,...>

AUSSIE
AUSSIE: AUD/AUD started the week on a softer note, but rebounded as the
potential for central bank action vs. Covid-19 restored appetite for riskier
assets. The BoJ's pledge to ensure stability & provide ample liquidity soothed
nerves, while the Aussie may have drawn further support from a stronger (though
in-line) PBoC fix. The rate remained afloat as USD struggled amid growing exp.
for supportive policy measures from the Fed & elsewhere, with sentiment
supported by reports that G7 FinMins & central bank chiefs will speak Tuesday,
while the World Bank & IMF stand ready to help member states.
- The RBA is set to deliver its monetary policy decision today and our preview
can be accessed at http://tiny.cc/RBAMar2020. A 25bp is fully priced in after
aggressive re-pricing over the recent days. 
- AUD/USD trades flat at $0.6538. A break above a congestion of prior lows & Feb
28 high in the $0.6585-86 area would expose the $0.6600 mark. Bears keep an eye
on last Friday's long-term low of $0.6434.
- Aussie BoP current a/c balance & net exports of GDP are due today. Q4 GDP hits
on Weds; trade balance & retail sales are due Thursday & Friday respectively.

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