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AUD clobbered on the back of the softer......>

AUSSIE
AUSSIE: AUD clobbered on the back of the softer than expected domestic CPI data.
Headline CPI printed at +1.3% Y/Y vs. BBG median +1.5% & +1.8% in Q4, with the
trimmed mean-weighted median average softening to +1.4% Y/Y
- AUD/USD last trades at $0.7040, 60 pips lower on the day, and a few pips above
the reaction low of $0.7037. After crashing through the month to date lows,
bears now target the 50% retracement of the move from $0.6741 to $0.7295 at
$0.7018.
- AUD/NZD sits ~45 pips lower on the day at NZ$1.0624, after registering a low
of NZ$1.0619. Bears look for a break below the psychological NZ$1.0600 to open a
move to the April 17 low at NZ$1.0588.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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