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AUD weaker on the session, AUD/USD last......>

AUSSIE
AUSSIE: AUD weaker on the session, AUD/USD last down 14 pips at 0.7850. Aussie
dollar is on the back foot for several reasons, CFTC data on Friday showed that
speculators increased their short position to 20k contracts - the largest net
short position in 2 years.
- Also some forecasts from the Australian government released today that
forecast a 20% drop in the price of iron ore in 2018 due to global supply
increases and weaker demand from key industrial partners such as China.
- AUD/USD is supported by a large option expiry at 0.7815, data shows A$1.55bln
rolling off at this level on January 12.

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