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AUSSIE BONDS

3-Year Yield Tops 1.00%

AUD

Core CPI Beat Underpins Aussie Dollar

CHINA PRESS

China Should Maintain Pro-Growth Policies: Newspaper

AUSTRALIA DATA

Australia Q3 CPI +0.8% Q/Q;+3.0% Y/Y

AUSSIE BONDS

Underlying CPI Back Above 2.0%, Bonds Pressured

AUSSIE
AUSSIE: AUD/USD tumbled 57 pips Friday amid a persistent worry re: novel
coronavirus & a generally positive (with caveats) U.S. NFP report. The rate
printed a new 11-year low of $0.6662.
- The pair trades marginally higher at $0.6676, but continues to hover just
above its multi-year lows. Early indicative trade saw AUD/USD show at $0.6660.
- With 11-year lows in sight, bears look for a fall through there before
targeting the trendline support at $0.6624. Bulls need a convincing rebound
above the $0.6774 to regain some momentum.
- Oz continues its struggle against extreme weather conditions. Intense rainfall
has helped reduce the number of bushfires, but created a heightened flood risk.
- Australian highlights this week include housing finance data and monthly NAB
Biz. Confidence, due Tuesday. RBA's Heath & Lowe will speak on Wednesday &
Thursday respectively. Worth watching today's inflation data out of China.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com