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AUD/USD sticks to modest losses, just below 0.7100 handle


Tuesday, 19 March 2019 14:51 WIB

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The AUD/USD pair maintained its offered tone through the early European session and remains within striking distance of daily lows, set earlier today.

The pair extended the overnight pull-back from over two-week tops and weakened further following the disappointing release of the Aussie house price index, which fell 2.4% q/q in the fourth quarter as against 2.0% drop expected.

The pair dropped to an intraday low level of 0.7089 but remained support by the prevalent selling bias surrounding the US Dollar, which remained on the defensive amid growing market expectations that the Fed might opt for a more accommodative policy stance.

Source : Fxstreet


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