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AUD/USD fell inline with the majors during the European morning as UK data was weak and the lift in Silver margin requirements again sparked rounds of risk aversion. AUD broke below the Asian session low to only run into solid buying from sovereign names and high yielders taking the lower opportunity. With the base set at 1.0570 which is also 20 points above the last fall the pair quickly recovered during the US afternoon to be closing above 1.0670 and 50 points above the Asian closing level.


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