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Despite improved risk appetite, AUD has......>

AUSSIE
AUSSIE: Despite improved risk appetite, AUD has failed to bounce with added
weight via AUDNZD following the overnight strong NZ CPI release. This keeps the
recent downtrend intact targeting a break of yesterday's low ($0.7116) & $0.71
level for the next leg lower. Main focus turns to the AU jobs data, scheduled
for release tomorrow morning at 0030GMT. RBC note in a morning mail that despite
some moderation in momentum from the highs of 2017, employment generation
remains strong and leading indicators including vacancy rates and hiring
intention survey are holding up. They nonetheless see a slight slip in monthly
gains for Dec to 18k after a strong run of gains including +37k in November.

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