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Aussie Stabilises After Friday’s Weakness

AUD

AUDUSD has been range trading today and is currently down 0.1% to 0.6649 after reaching a high of 0.6659 and low of 0.6637. The USD index is flat.

  • Aussie is also little changed against the major crosses with AUDNZD +0.1% to 1.0720, AUDJPY +0.1% at 86.97, AUDEUR 0.6177 and AUDGBP 0.5432.
  • Equity markets in the region are mixed with the ASX up 0.3% but the KOSPI down 0.4%. S&P e-minis are up 0.4% on reports the US will continue to support the banking system. WTI oil is little changed at around $69.30/bbl. Copper is up 0.1%. Iron ore is higher at over $120/t.
  • The Fed’s Jefferson speaks later on monetary policy (2200 BST). ECB’s Elderson and BoE’s Bailey are also scheduled to speak. US Dallas Fed Index for March prints as well as the German IFO. Tomorrow in Australia key retail sales data print.
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