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AUD/USD Falters at Earlier Session High

AUD
  • AUDUSD meets the earlier session high, but fails to make headway through 0.6778. Any further upside impetus opens the 200-dma at 0.6795 and the Friday high of 0.6824, with solid Chinese data overnight the main driver, countering the slightly soft Australian inflation print overnight.
  • Headed into the 10am NY cut, options interest at 0.6775-76 could draw focus, at which $755mln is set to roll off today.

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