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Marginally Pressured, Recent Ranges Holding For Now

AUD

AUD/USD is marginally pressured today, down ~0.2% last printing at $0.6575/80.

  • AUD is marginally pressured this morning, fall in US and regional equities and an offer in AUD/NZD are weighing on the AUD.
  • Recent ranges are holding for now, support was seen ahead of 8 March low at $0.6568.
  • AUD/NZD briefly dealt above $1.08 before falling ~0.3% to last print $1.0770/80.
  • Cross asset wise; Iron Ore futures are ~2% firmer. US 10 Year Treasury Yields are ~7bps lower. US Equity futures are pressured, S&P500 e-minis are down ~0.6% and Hang Seng is down ~2.5%. BBDXY is down ~0.1%.
  • BoJ's monetary policy decision is due shortly, this presents as the next macro risk event.

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