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Overnight gains following stronger...........>

AUSSIE
AUSSIE: Overnight gains following stronger Building Approvals data were quickly
eroded into Europe after the China news sparked a frenzy of dollar buying.
Aud/Usd holds just off the base of its $0.7812-65 daily range into NY with
support at $0.7789/74 (Dec29 low, 100-dma). CitiFX Strategy believe that the
currency move by Chinese authorities could actually signal a build-up of
pressures that are likely to be positive for AUD over time. They believe a dip
in AUD is a buying opportunity on this basis. Last $0.7826. 

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