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Despite recouping much of the domestic.......>

AUSSIE
AUSSIE: Despite recouping much of the domestic politics-inspired losses dealt in
the Asia-Pac session by Europe's mid-morning (aided by the uptick in EUR/Italian
assets), AUD/USD resumed its decline into the close on Monday as risk sentiment
soured, leaving the rate ~40 pips from the YTD lows last, at $0.7080.
- The close below $0.7085 shifts the focus to the downside and the Oct 8/YTD low
at $0.7041. Below here challenges the key $0.7000 level. Bulls need to recover
the Oct 17 high at $0.7160 to improve the outlook.
- Highlights today include 2 addresses from RBA Dep. Gov. Debelle & appearances
from RBA's Bullock & Boulton.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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