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FOREX: The AUD shrugged off a relatively weak round of data, paying the most
attention to a modest beat in net exports contribution to Q4 GDP (which was in
negative territory), moving to marginal session highs as the RBA stood pat and
did not introduce any language pointing to worry re: Trump's trade tariffs
although it did sound a little more cautious re: growth, but a tad more
optimistic on wages. The move was short-lived and the AUD retraced to
- JPY crosses edged higher, as Asia-Pacific stock indices caught up with their
- Elsewhere the NZD stuck to a tight range, edging higher vs USD, while the EUR
also edged higher against the greenback, while GBP was virtually unchanged
against the dollar.