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Broad-based US dollar weakness amid softer...>

AUSSIE
AUSSIE: Broad-based US dollar weakness amid softer US rate yields and
better-than-expected local economic data has seen the Aussie nudge higher and
take a look over $0.77 cents, high $0.7701. Australian Building approvals came
in at +1.5% against MNI's median of -1.7%, while September's Trade surplus came
in at A$1.745bn against MNI's median of A$1.0bn. Macro names have said to have
added supply near to the top, the rate since edging back to $0.7689. There is
also a large option expiry for today at $0.7700 (A$1.49bn), that may act to
contain the near-term range. For now, resistance near to the 200-dma ($0.7697)
is proving stubborn, a sustained break to expose $0.7724 (38.2% fib
$0.7884-$0.7625). Aussie was last at $0.7691

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