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Rate slips below the day's lows as the.......>

AUSSIE
AUSSIE: Rate slips below the day's lows as the greenback gathers further steam.
AUD remains the weakest in G10 and little support is seen until $0.7253, the
Friday low before the 1% volatility band kicks in at $0.7231.
Pair remains driven by politics given the unrest against PM Turnbull, with
markets waiting for any sign of a majority signed petition declaring 'no
confidence' in the current leader. Leadership currently seen as going to either
Peter Dutton, Julie Bishop or Scott Morrison, with bookies odds favouring Dutton
at present.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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