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Iran Wants 5.7mbpd Production Capacity

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Ifo Sees Outlook Worsen

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What Happened in GBP Markets Overnight?

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AUSSIE
AUSSIE: The aussie complex witnessed a choppy session overnight which saw APRA
inspired gains countered by dovish RBA minutes and Governor Lowe remarks that
said RBA members will consider the case for lower interest rates. AUDUSD dipped
back under $0.69 with the downtrend extending to $0.6871 (76.4% $0.6741-0.7295)
in early Europe. This brings the May 17 low into view at $0.6865, ahead of a run
at the psychological $0.68 level.
- AUDNZD eased to NZ$1.0556, key support remains at NZ$1.0517/26 which
represents the channel base, series of previous lows & 50-dma.
- AUDJPY touched pullback lows of Y75.68 with bears targeting a downside break
of the May 17-Jan 4 lows at Y75.33/24.
- EURAUD lifts to A$1.6230 and seen approaching broken channel base
support-turned-resistance at A$1.6242, above here opens A$1.6257/62 which
represents the 50% retracement of the Jan - Apr fall & May 17 high.  

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