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AUD rate cut fears weigh but 78 cents supported

Monday, May 4, 2015 4:15 AM UTC

AUD/USD opened Monday at 0.7845; traded 0.7803-45 in Asia; last 0.7831
AUD local data mostly firm - especially building approvals
Negative China HSBC mfg PMI print saw AUD/USD make fresh low at 0.7803
Support ahead of 78 cents held and modest recovery seen

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AUD rate cut fears weigh but 78 cents supported

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