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Thursday saw Westpac note that "our basic....>

AUSSIE
AUSSIE: Thursday saw Westpac note that "our basic inclination remains that risk
appetite will at least become more two-way in coming weeks as awful economic and
earnings data hits in waves around the world. Moreover, loosening of
restrictions will be mostly very tentative and the prospect of second waves of
infections or weak recoveries should undermine equities and in turn, AUD. It is
noteworthy that commodity prices mostly did not share in equities' optimism in
April. We would look to sell into AUD/USD in the high 0.65s, with 0.62-0.63
achievable multi-day/week."
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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