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AUD/USD falls post RBA, crude oil ears eye $70: Asian Open
Mixed data from the US resulted in a mixed response from markets on Tuesday, with softer job openings contrasting with an expansive services industry. JOLTS job openings softened to a 31-month low yet it seemed to be overshadowed by the ISM services report, given traders rejoiced by pricing in Fed cuts in July when JOLTS originally fell to a 2-year low. ISM services expanded at a slightly higher pace, new orders were higher than expected and prices paid (while slightly softer) remain at a 'healthy' 58.3, just below its long-term average. This won't sway the Fed into action next week, but neither does it build a case ... (full story)