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AUD/USD added ~30 pips overnight and last....>

AUSSIE
AUSSIE: AUD/USD added ~30 pips overnight and last trades at $0.7114, as broader
risk-on flows aided the Aussie. A ~2.25% move higher in Dalian iron ore prices
might have provided some additional support to AUD, allowing it to outperform
all of its G10 peers.
- A break above the 21-DMA at $0.7101 allowed bulls to shift their focus to the
55-DMA at $0.7129, followed by the 50-DMA at $0.7136. Meanwhile, bears look for
a return below the aforementioned 21-DMA before challenging the 100-HMA at
$0.7076, which limited losses overnight.
- Australian focus this week turns to the minutes from the RBA's most recent
MonPol decision, due tomorrow, as well as domestic labour mkt report due
Thursday. The quarterly house price index and vacancies data will also provide
some interest. On the central bank front, RBA's Kent and Bullock are due to
speak tomorrow and on Wednesday respectively.

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