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AUD/USD tracks NZD/USD higher in Asia with market somewhat confused

  • Strong USD session y'day (DXY+1.2%) saw no follow-through in Asia

  • Exact opposite as moderate US Dollar profit taking kicks in

  • Search for yield however remains strong for real money crowd

  • NZ cash rates a standout at +3.5% - AUS not too shabby at 2.25%

  • If market going sideways for next few months, good place to park spare cash 

 

  • Market Data
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