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Reporting on key macro data at the time of release.
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Futures saw a parallel shift overnight, with YM & XM shedding 3.0 ticks vs. their respective settlement levels, aided by cheapening in the U.S. Tsy space, although the move in the latter was more pronounced.
- The previously flagged panel participation of RBA Governor Lowe reaffirmed the Bank's view surrounding inflation/low wage growth dynamics, while the Governor stressed that the Bank's existing mandate had served it well. He played down any need for a numerical employment target and pushed back on the need for any currency-linked matters in the mandate.
- The release of the AOFM's weekly issuance slate headlines the local docket on Friday.