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Despite firmer commodities (Dalian ore,......>

AUSSIE
AUSSIE: Despite firmer commodities (Dalian ore, Shanghai steel and coking oil
all showing decent gains) the aussie was held to a narrow $0.7790-0.7808 range
overnight. Resistance at $0.7810/14 (Dec28 high, 50% $0.8125-0.7502) provided a
counter into Europe to hold either side of $0.7800 at typing. Flow is expected
to remain light today ahead of month-end where bank models have suggested
moderate dollar selling. Aud/Usd last $0.7801.

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