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AUD Continues To Struggle

AUD

AUD extends post-RBA weakness, with AUD/USD printing a low of $0.6422 thus far and the Aussie finding itself at the bottom of the G10 FX performance table in light of the rhetoric that accompanied the RBA's 25bp rate hike.

  • A leg lower for European equity futures and oil will be helping apply some fresh weight to the Aussie as well.
  • Little in the way of meaningful technical support seen in AUD/USD until the 20-day EMA.
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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