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Better USD buying on the European open

AUSSIE

Some USD buying during our European Govie open.

  • Few clips seller have gone through in Equities, albeit within ranges.
  • AUDUSD continues to drift lower, after the RBA left rates unchanged as expected earlier.
  • Adding that domestic unemployment rate should peak at a lower level than expected.
  • "The Board continues to consider how additional monetary easing could support jobs as the economy opens up further."
  • Focus turns to the Budget announcement, set to be release at 19.30 local/09.30BST.
  • AUDUSD is testing yesterday low at 0.7159, with next MNI tech support seen further out towards the figure at 0.7100 (30/09 low)

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