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Focus in AUD remains on prospective M&A......>

AUSSIE
AUSSIE: Focus in AUD remains on prospective M&A flows (driven by purchase of
Westfield Corp by Unibail-Rodamco) as well as the close proximity to the 50-dma
at $0.7613, which coincides with the 50% Fib retracement of the $0.7813-0.7412
move. With the generally USD weaker environment this morning, the rate trades
close to session highs at time of writing, approaching the May22 high at
$0.7605.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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