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Despite firmer regional equities and.........>

AUSSIE
AUSSIE: Despite firmer regional equities and higher commodities, Shanghai steel
+1.7%, Dalian ore futures up 4.0%, the Aussie has dropped from around $0.7890 to
$0.7868. UST yields seem to have dictated direction, with the benchmark 10-year
treasury yield up 0.6%. Fed-chair Yellen sounded a little upbeat at a seminar on
Sunday where she noted, 'Ongoing economic strength to warrant gradual rate
rises', adding, 'best guess for soft inflation reading will not persist.'
Support is being found near to the 21-dma ($0.7869), a clean break lower exposes
$0.7834 (38.2% $0.7733 to $0.7897). Aussie was last at $0.7873.

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