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Westpac write "AUD/USD has not traded........>

AUSSIE
AUSSIE: Westpac write "AUD/USD has not traded outside $0.7000-0.7200 since late
February but seems primed for at least some trade with a $0.72 handle before
fading. Global risk appetite has improved as China has taken steps to underpin
growth and fears over the US economy have waned. Commodity prices are mixed
(iron ore up, thermal coal down) but overall point to higher AUD. But yield
differentials should eventually weigh on AUD to $0.70 by June as the RBA in May
paves the way for Aug rate cut and US markets remove Fed rate cut risk in 2019."
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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