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AUD/USD has added 5 pips and trades at.......>

AUSSIE
AUSSIE: AUD/USD has added 5 pips and trades at $0.7034 (its 100-DMA), with
participants awaiting AU retail sales data. The release coincides with job
vacancies print, which may give insight into the condition of Aussie labour mkt.
- Wednesday's rally linked to surging iron ore prices sent the pair firmly above
$0.7000, which had limited gains the day before. Disappointing ADP employment
change and ISM non-m'fing figures sapped strength from the greenback, allowing
the rate to top out just shy of $0.7040 around the WMR fix.
- Bulls look to the upper Bollinger band (2%) at $0.7053, where the rate
bottomed on Apr 2. Meanwhile, a dip through the 50% retracement of the YtD range
at $0.7018, breached yesterday, would leave the $0.7000 mark exposed.
- Australian gov't seems to have secured enough support in the Senate for its
tax-cut package to be pass, which may happen today, according to press reports.
- Sydney Morning Herald reported that U.S. Pres Trump expressed concern over
increasing Australian aluminium exports during a meeting with Australian PM
Morrison at the sidelines of G20.

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