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AUD/USD lost over 1 big figure on............>

MNI (London)
AUSSIE: AUD/USD lost over 1 big figure on Wednesday, weighed by an increase in
U.S.-China trade tensions and a stronger greenback putting immediate focus back
on the YtD low of $0.7311. However, after touching a slightly extended pullback
low of $0.7361 in opening local trade, the AUD was been supported by an uptick
in AUD/JPY and the broader relief rally in equities, helped in part by no
ramping up of the US/China trade spat(no news is good news). AUD/USD lifted
through the balance of the Asian session to $0.7388, edging on to $0.7393 in a
slow Europe trade session. Risk-off positions have been seen getting pared back
but those underlying tensions remain in the background. 
- There is little in the way of Australian tier one data apparent during the
remainder of the week, so focus is likely to remain on global risk appetite.
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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