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AUD/USD has benefited from the uptick in.....>

AUSSIE
AUSSIE: AUD/USD has benefited from the uptick in risk sentiment in the early
part of the Asia-Pacific session, last dealing 15 pips or so higher at $0.7071,
after printing a high of $0.7077.
- That being said, yuan weakness, aided by the highest USD/CNY fixing since
2008, has capped gains for the rate.
- RBA's Bullock failed to touch on MonPol during her address today, focusing on
banking sector specific matters.
- Initial major resistance noted at Monday's high of $0.7120. On the downside,
Friday's low at $0.7021, provides the first port of call for bears.
- Focus now turns to Australian CPI data due tomorrow.
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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