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AUD fell to the bottom of the G10 currency....>

FOREX
FOREX: AUD fell to the bottom of the G10 currency board as RBA Gov Lowe said
that at the next MonPol meeting members "will consider the case for lower
interest rates." Lowe's comments came after the latest RBA MonPol meeting
minutes, which applied some pressure to AUD as they noted that a rate cut would
be appropriate in case of no further improvement in the labour market.
Consequently, AUD gave away its earlier gains registered on the back of APRA's
proposal to loosen mortgage lending conditions.
- NZD moved in lockstep with its Antipodean cousin, while JPY & CHF struggled to
gain traction, as U.S. equity futures rose.
- Yuan drew support from a combination of stronger than exp. PBoC fix and a WSJ
report suggesting that Google will put a hold on its plans to cut access to some
of its features on new Huawei phones.
- Fed Chair Powell offered little new in his latest address.
- Points of note today include EZ consumer confidence, U.S. existing home sales,
as well as comments from Riksbank's Floden & Ohlsson, ECB's de Guindos & Visco
and Fed's Evans & Rosengren.

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