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AUD marginally underperforms its G10 peers...>

AUSSIE
AUSSIE: AUD marginally underperforms its G10 peers at writing, with AUD/USD last
seen at $0.7101, a touch lower on the day. Worth mentioning the pair knee-jerked
to session lows of $0.7090 upon the simultaneous release of Australian Q4 house
price index and the latest RBA MonPol meeting minutes.
- Aussie house price index printed at -2.4% Q/Q and -5.1% Y/Y vs. exp. of -2.0%
and -5.0% respectively.
- RBA minutes lacked any notable surprises, with the Bank reiterating its shift
to a neutral stance, with global risks to the the economic outlook still a
concern. The RBA also put an emphasis on domestic labour mkt developments as
being "particularly important" to the outlook, which shifts focus to the
Australian labour mkt report, due Thursday.
- RBA's Kent spoke overnight, but offered nothing fresh re: MonPol.
- Bears look for a clean breach of the nearby 21-DMA at $0.7099 before
challenging the 100-HMA at $0.7083. Meanwhile, bulls remain focused on the
55-DMA at $0.7130.
- Tomorrow's comments from RBA's Bullock may provide some interest.

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