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AUD/USD last trades at $0.7280. The rate.....>

AUSSIE
AUSSIE: AUD/USD last trades at $0.7280. The rate was pressured by the softer
than exp. AU Q2 CapEx print overnight, with the key plant & machinery CapEx
metric falling. A soft building approvals print also weighed as AUD/USD printed
a low of $0.7275, with the clean break of $0.7300 putting broader focus back on
the YtD low ($0.7203). The August 24 ($0.7238) & August 16 ($0.7219) lows offer
the most notable support ahead of the YtD low.
- The RBA MonPol decision provides the highlight of the AU docket over the next
week, with GDP input data in the form of inventories, current A/c, company
profits all due of the final national account print on Wednesday.
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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