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AUD/USD last deals at $0.7134, 10 pips.......>

AUSSIE
AUSSIE: AUD/USD last deals at $0.7134, 10 pips higher on the day. The pair round
tripped from its session low of $0.7116 around the Australian equity open, which
saw S&P/ASX200 advance. After the Tokyo fix, the rate faded again, touching
reaction low of $0.7117 upon the release of the RBA's semi-annual Financial
Stability Review. However, this was followed by a prompt recovery and the pair
managed to climb into positive territory.
- The RBA's publication said that the Bank considers Australian financial system
to be "resilient," but at the same time pointed to "growing downside risks" and
noted falling Sydney property prices. For key takeaways from the release see MNI
Main Wire at 02:46 BST 04/12.
- Bulls need to clear the 100-DMA at $0.7139 before challenging yesterday's high
of $0.7172. Conversely, bears look for slide through the 50-DMA & 21-DMA, which
coincide at $0.7109.
- Australian focus next week turns to domestic labour mkt data, due Thursday. On
Tuesday, the RBA will release its latest MonPol meeting minutes.

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