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AUD/USD lower on Dollar-buying


A bout of buying interest around the greenback is now accelerating the pair’s daily decline, coming down from post-RBA highs near 0.7630. The RBA, as expected, left unchanged its monetary stance at today’s meeting, refraining from the usual AUD-jawboning, which was perceived as ‘kind of hawkish’ by market participants.

The most relevant events will now be next week’s employment figures and inflation readings later in the month. In the US today, the attention will gyrate around ISM Non-manufacturing and February’s Trade Balance results.

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