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###POV: AUD TARGETS 0.80 - A risk positive...>

AUSSIE
AUSSIE: ###POV: AUD TARGETS 0.80
- A risk positive environment has seen AUDUSD gain nearly 2% to 0.7898 following
the US steel tariff exemption and could look set to challenge the 0.80 area.
- AUDUSD has broken a major descending trend-line off the YTD high, triggering
further bullish signals.
- The greenback continues to struggle following Friday's disappointing US jobs
data and President Trump firing the Secretary of State Rex Tillerson.
- Commodities have seen to underpin in recent sessions with strong gains via the
CRB index.
RISK - The RBA released its key indication snapshot with the household saving
ratio component at just 2.7%. Household consumption still remains the biggest
concern in attempts to lift inflation.
LOOKING AHEAD - RBA Assistant Governor Kent is due to give a speech tonight at
2210GMT, Westpac Consumer Confidence data follows at 2330GMT. Deputy Governor
Debelle speaks on Thursday at 2245GMT.

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