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AUD/USD last trades at $0.7128, a dozen......>

AUSSIE
AUSSIE: AUD/USD last trades at $0.7128, a dozen pips higher on the day, but off
of highs, as Aussie bonds have followed a post-FOMC move higher in U.S. Tsys.
- The rate climbed 28 pips Wednesday, although softer iron ore prices and
comments from RBA's Bullock, who pointed to the soft Australian housing mkt,
weighed on AUD in the Asia-Pac session. However, this was followed by a gradual
recovery and a ~60 pip spike higher on the back of the latest U.S. FOMC's MonPol
decision, accompanied by a dovish turn in rhetoric. AUD/USD then eased off
somewhat towards the close.
- Limited reaction was noted after Wednesday's hawkish comments from U.S. Pres
Trump re: trade relations with China.
- Bulls now look to the nearby 50-DMA at $0.7135, ahead of the upper 1.0% 10-DMA
envelope at $0.7147. Meanwhile, after a close above the 21-DMA at $0.7096 on
Wednesday, bears look for a return below that level.
- Australian focus turns to domestic labour mkt data, due at 0030GMT/1130AEDT.
The release will be particularly closely watched, after the RBA stressed the
importance of labour mkt developments in its latest meeting minutes.

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