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AUD heavy ahead of RBA meeting
The dollar retains an underlying bid tone, particularly against the Yen – now at 13 year lows – after the firmer ISM manufacturing and construction spending data, although the Euro did garner some support during the session on the back of a rumour of a Greek deal with the EU. There was no substance to the rumour and the Euro ran out of steam as we still wait on some kind of resolution ahead of Friday’s headline to make the debt repayment to the IMF. Today kicks off with the RBA Meeting and the chance of an explicit easing bias being reinstated, after being left out at last month’s meeting. Later on will see ... (full story)
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