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Japanese MOF sells Y4.52899tn 3-Month Bills:


Futures Recover Early Blip Lower


Front End Leads The Bid

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AUSSIE: AUD/USD unchanged over the release of the minutes from the RBA's Nov
MonPol meeting, last $0.7299, with the Bank reiterating that the next move in
its cash rate is likely to be up, and that it sees no strong case for an
adjustment in MonPol.
- The Bank reiterated that it is unsure about the spare capacity within the
labour market, suggesting that the unemployment rate could fall further in the
near-term, while it highlighted that real earnings had not risen for 6 years.
- The Bank noted that Biz investment could top exp.
- Focus now onto RBA Gov. Lowe's address later today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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