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Initial reaction following the SoMP saw......>

AUSSIE
AUSSIE: Initial reaction following the SoMP saw the Aussie ease lower from
$0.7684 to $0.7665 as the RBA lowered their inflation forecasts, underlying
inflation not expected to reach 2% until early 2019. However, growth is
projected to pick up over the next couple of years, with the unemployment rate
forecast to drift modestly lower (down to 5.25% in Dec 2019). The move seems to
be a knee-jerk reaction, the Antipodean since recovering and now trades at
$0.7680. Resistance continues to be found near the 200-dma, currently at
$0.7699, while support is located at $0.7650 (Nov9 low).

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