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The AUD outperformed overnight as the.........>

FOREX
FOREX: The AUD outperformed overnight as the AUDNZD continued to move away from
Thursday's low and AUDUSD continued to challenge daily trend line off the YtD
high (at 0.7774). The RBA's Financial Stability Review & Chinese trade data gave
the AUD little if any trading impetus.
- The EURUSD & GBPUSD crosses have stuck to a tight range over night, while the
NZD has been pressured by the uptick in the AUDNZD cross.
- JPY has struggled for direction, with USDJPY consolidating around the NY
closing level, last at 107.35.
- USDCAD trades unchanged, sub-1.2590, with little interest in the latest batch
of NAFTA headlines.
- German CPI and Uni. of Michigan sentiment data are due to be released on
Friday as well as speeches from Fed's Rosengren, Bullard & Kaplan, with an
update from Moody's on the US sovereign rating also due.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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