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Hawkish RBA Policy Decision Jolts AUD Activity

AUD
  • Solid activity in AUD markets so far Tuesday, following the hawkish hold from the Reserve Bank of Australia overnight. AUD futures volumes running at over 70% of the running daily average for the day, with spillover activity noted in NZD also.
  • Activity elsewhere far more muted, with EUR, GBP futures running below average for this time of day. Fedspeak (Daly, Williams and Brainard are due) as well as US, Canadian trade data could provide a flashpoint for activity.


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