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US TSYS

Stable Start After Bear Steepening

AUSSIE 3-YEAR TECHS

(Z1) Neutral at Higher Levels

AUSSIE BONDS

RBA Day

ASIA

Coming up in the Asia-Pac session on Tuesday:

MNI

Coming up in the Asia-Pac session on Tuesday:

US OUTLOOK/OPINION

GS: Payrolls Doesn't Change Faster Taper & First Hike In June Call

AUSSIE
AUSSIE: The antipodean opened in Asia at $0.7929 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. There is no data or scheduled events to
impact trading in Asia. The weak close and general lack of bounce is likely to
see the Aussie extend losses a little further. 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% $0.7808-0.8125). Aussie was last at
$0.7933