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AUD/USD is holding its gains in mid afternoon trading

  • AUD/USD up 0.75%; AUD/NZD up 0.7%; EUR/AUD down 0.75%

  • Only AXJ followed the AUD lead suggests China correlation at work

  • AUD move today likely overstated by short covering interests

  • Offshore however has a weakness for trading contra on such moves 

 

  • Market Data
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