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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

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Still Looking For Weakness

AUSTRALIA
AUSTRALIA: Australian Westpac Consumer Confidence Index rose by 3.6% M/M in
August. Little to no reaction observed in AUD crosses and Australian FI space.
- In the accompanying commentary, Westpac noted that "superficially this result
comes as somewhat of a surprise given that the survey was conducted against a
turbulent backdrop." However, they also said that "the result does come in the
aftermath of an unexpected 4.7% fall in the Index in June/July that came despite
consecutive rate cuts from the RBA and the restoration of political certainty
following the May Federal election."
- Re: Australian labour market Westpac said that "consumers' job loss fears
eased slightly in August. The Westpac-Melbourne Institute Unemployment
Expectations Index improved slightly recording a 0.8% decline to 133.3." As a
reminder, a key Australian labour market report is due tomorrow.
- In concluding remarks, Westpac said that they expect two more 25bps rate cuts
from the RBA this cycle, in October and February.