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Commodities were seen to underpin............>

AUSSIE
AUSSIE: Commodities were seen to underpin overnight (Shanghai steel, Dalian
iron-ore), aussie touched recovery highs of $0.7949 before light profit take
sales emerged to hold either side of $0.7940. The quiet theme has spilled over
into Europe and with the calendar light today, range trade is expected to
continue. Focus remains on Friday for Governor Lowe's biannual testimony to the
House Economics Committee in Melbourne where he is expected to maintain his
positive view on growth. Aussie-dollar holds flat, last $0.7939.  

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