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AUSSIE: AUD/USD last deals at $0.7360, back from the early high of $0.7384. Rate
still trades ~55 pips better off on the day after the U.S.-China trade war
"truce" agreed over the weekend.
- Little reaction in the cross to the latest GDP partials released earlier
today. That comes after soft completed construction work & CapEx data last week,
although Q2's CapEx reading was subject to upward revisions, as was the
completed construction work metric for Q2.
- From a technical perspective, bulls are looking to the Aug 21 high at $0.7382,
while initial support is noted at Friday's intraday low at $0.7285.
- Focus in the early part of the week will fall on the broader risk backdrop,
ahead of Tuesday's RBA MonPol decision & Wednesday's AU GDP release.