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Aussie Rallies As Risk Appetite Improves

AUD

AUDUSD has risen 0.3% to a high 0.6770 on the back of stronger HK and China equities and solid Australian NAB business data. It is currently holding around the intraday high and is approaching resistance at 0.6772. The USD index is down 0.1%.

  • It is higher against the major crosses with AUDNZD up 0.1% to 1.0734, AUDJPY +0.2% to 91.22, AUDEUR +0.1% to 0.6133 and AUDGBP +0.3% to 0.5353.
  • The ASX has rallied 0.7% with the CSI +1.2% and Hang Seng +0.9% but Nikkei down 0.7%. The S&P e-minis are range trading. WTI oil prices are up 0.2% to $71.45 and iron ore is around $103/t.

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