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General risk aversion, which began earlier...>

AUSSIE
MNI (London)
AUSSIE: General risk aversion, which began earlier in Asia with Japanese retail
sales of TRY/JPY the suggested catalyst, has acted to take AUD/USD to an
extended pullback low of $0.7524. Rate currently trades around $0.7530.
Attention seen shifting to RBA Lowe's speech in Sydney at 0800GMT ("Australia's
Deepening Economic Relationship with China: Opportunities and Risks"). Support
remains around the 21-dma at $0.7525(low $0.7524) ahead of $0.7510/00.
Resistance $0.7560. 
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MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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