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Recovers From Session Lows

AUD

After earlier seeing losses of up to 40 pips AUD/USD has now recovered back to neutral levels. Last trades at 0.7645, session lows of 0.7606.

  • Some more encouraging data was released. Australia December home loan values increased 8.6% M/M in December against estimates of a 4.0% rise. The breakdown of the data shows that first time buyers and property investors in particular have made a return to market.
  • Elsewhere Australian PM Morrison has reiterated that all Australians will have the opportunity to get vaccinated by October and jabs will start in the coming weeks, helping to quell some pandemic concerns with new cases/lockdown announced in Perth. Morrison also said the government was committed to its relationship with China amid similar assertions from Chinese officials, despite several months of tensions.

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