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AUD/USD down smalls to 0.7895 last on position adjusted ahead of RBA

Friday, May 1, 2015 6:05 AM UTC

RBA rate cut coming Tuesday looms large - EUR/AUD flow also big impact
Paring of overcrowded long bund/long DAX/short EUR trade weighs on AUD
EUR/AUD up 2.1% yesterday' as carry trades dumped en masse

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AUD/USD down smalls to 0.7895 last on position adjusted ahead of RBA

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