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Very modest and brief reaction to beats in...>

AUSSIE
AUSSIE: Very modest and brief reaction to beats in the latest AU retail sales
data, Jun +0.4 M/M; Median +0.3%, Q2 retail trade volume +1.2% Q/Q; Median
+0.8%.
- AUD/USD touched a high of $0.7373 on the move adding 5 or so pips. Bulls still
need a move back above $0.7411 to stabilise the technical picture.
- AUD/NZD has consolidated above NZ$1.0900 in the last 24 hours, with the NZD
underperforming. Both of the Antipodean central banks will issue their monetary
policy decisions next week, which will obviously provide the key risk events for
the region over the next 7 days.
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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