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(U2) More Stable But Still Fragile Longer Term


(U2) Recovers Off Lows, Remains Neutral


Risk Gains When Hawks Cry


BLOCK, 2Y Sale

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*Sep22 Aussie open $0.7929, range....>

AUSSIE SUMMARY: *Sep22 Aussie open $0.7929, range $0.7908-$0.7934
*Aussie opened in Asia at toward the lower side of yesterday's $0.7918 to
$0.8036 range, where dovish rhetoric from RBA's Lowe, a fall in base metal
prices and a sharp decline in iron ore prices (-5.0%), all combined to weigh
heavily on the Aussie.
*Aussie eased from around $0.7930 to $0.7908, the move lower was on Aussie-yen
supply, reaction to news that N Korea's Foreign Minister has said, 'they may
conduct a hydrogen bomb test in the Pacific Ocean of an unprecedented scale'
*A sharp move lower in UST yields negated Aussie-yen sales, Aussie-dollar began
to find legs and moved higher to $0.7929.
*The pair then consolidated in the $0.7920's ahead of the European open 
*Hourly resistance lies at $0.7945, while demand has been reported on an
approach to $0.7900, with key-support then noted at $0.7883 (76.4%

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