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Consolidation remains the theme in Europe....>

AUSSIE
AUSSIE: Consolidation remains the theme in Europe with the aussie largely tied
to a narrow 10 pip range. The rate had pressed to Asia lows of $0.7915 following
soft Trade data and S&P warning there is more risk to Australia's sovereign
rating. Recovery efforts continue shallow with light demand reported on approach
to $0.7900, a break here opens $0.7893 (61.8% $0.7786-0.8066). Aussie last
$0.7926. 

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