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The release of softer than expected..........>

AUSSIE
AUSSIE: The release of softer than expected Australian retail sales and trade
balance hit the local currency, dragging it to the bottom of the G10 pile. Trade
surplus shrunk more than forecast to A$4.502bn from the downgraded A$6.847 amid
a 5% decline in exports coupled with little change in imports. Retail sales were
unchanged M/M, while consensus called for a 0.3% increase vs. the previous 0.2%
rise.
- AUD/USD last trades at $0.6838, 12 pips worse off. The Nov 19 high of $0.6835
is seemingly limiting losses, albeit it has been briefly violated. A clean break
here would open up the 100-DMA/50-DMA at $0.6814/11.

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