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AUD/USD shed 35 pips overnight and last......>

AUSSIE
AUSSIE: AUD/USD shed 35 pips overnight and last deals at $0.7238, with AUD
sitting at the bottom of the G10 pile, as it extended on earlier weakness
pressured by a soft Chinese Caixinf m'fing PMI print, which saw the index plunge
to a 35-month low of 48.3 from last month's 49.7. 
- With the rate trading a touch below $0.7243, where it bottomed yesterday,
bears look for a clean break below the Jan 11 high of $0.7235, before targeting
the $0.7200 figure. Meanwhile, bulls need to jump back above yesterday's low
before attempting a run at yesterday's YTD high of $0.7295. 
- The RBA is set to deliver its MonPol decision next Tuesday, with no change to
the cash rate exp., while the RBA's statement on MonPol will be released next
Friday. Elsewhere, AU focus next week falls on Melbourne Institute inflation due
Monday, retail sales & trade balance due Tuesday, as well as remarks from RBA
Gov Low due Wednesday. Also worth highlighting that the findings from the Royal
Commission into banking will hit on Monday.

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