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AUD/USD benefitted from the greenback's......>

AUSSIE
AUSSIE: AUD/USD benefitted from the greenback's weakness on Monday, and last
deals just shy of Monday's peak, virtually unchanged in early Asia hours at
$0.6975.
- Bulls look to clear the clustered $0.6996-.7008 resistance zone on a closing
basis, before looking higher, while bears ultimately look for a break back below
$0.6900 to retest critical support levels.
- The domestic docket is stacked today, with Q1 current account & net export
data due (ahead of tomorrow's Q1 GDP print), in addition to the latest round of
monthly retail sales, the RBA decision & an address from RBA Governor Lowe. As
mentioned elsewhere, IBs fully price a 25bp cut at today's RBA decision. Recent
patterns in RBA communication mean that participants should look for the Bank's
messaging to be spread between the post-decision statement and a speech from RBA
Governor Lowe, due at 10:30 BST. Our RBA Preview can be accessed via the link
below:
- https://emedia.marketnews.com/RBA_Preview_June_20192.pdf
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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