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AUD/USD last seen at $0.7170, unchanged on...>

AUSSIE
AUSSIE: AUD/USD last seen at $0.7170, unchanged on the day, after closing 47
pips higher Wednesday, with the Aussie atop the G10 pile.
- The pair ebbed lower in Wednesday's Asia-Pac session, only to bounce after RBA
Dep Gov Debelle pointed to a "surprisingly strong" domestic labour mkt & solid
leading indicators, which sparked a wave of short covering, as many exp. Debelle
to strike a more dovish note.
- The rate extended gains in the European morning, before sliding somewhat
post-dovish ECB. However, around the WMR fix saw AUD/USD climb to fresh intraday
highs of $0.7175, near the closing levels.
- After AUD/USD closed above its 100-DMA at $0.7140 for the first time since
mid-Feb, bulls look for further gains, keeping an eye on the down trendline
resistance, which comes in today at $0.7177. Above here opens the 200-DMA at
$0.7196. Meanwhile, bears look for a return below the aforementioned 100-DMA.
- RBA's Debelle will speak again today, a few hours after the release of
Australian consumer inflation exp. Elsewhere, Chinese inflation data, due later
today, and the RBA's Financial Stability Review due Friday will be of interest.

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