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LPRs Still Have Room To Decline - Journal

AUSSIE BONDS

No Meaningful Fresh Information In RBA Meeting Minutes

JAPAN DATA

Japan August Inflation Quickened; +2.8% Y/Y

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Aud/Usd: Europe open $0.8025,........>

AUSSIE SUMMARY
AUSSIE SUMMARY: Aud/Usd: Europe open $0.8025, range$0.8020-44, NY open $0.8043,
range $0.7971-0.8042
*The pair dropped away from its printed high of $0.8044, falling to pullback
lows of $0.8032, as the market awaits the release of PPI.
*As gold continued to drop combined with broad based dollar demand witnessed the
rate pullback towards the intra-day low of $0.8011.
*The rate has pared back some of its losses since printing a fresh
intra-day low of $0.8002.
*The greenback demand continued as gold crumbled, with the rate
triggering stops on the break of $0.8000, printing fresh intra-day lows of
$0.7971.
*Since printing fresh lows of $0.7971, the rate grinded back towards
$0.7990, the move coincided with XAU bouncing off its lows.
*The dollar gets a small lift as gold dropped into the close, with the rate
dropping towards $0.7980. 

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