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Forex: AUD/USD hovering over 1.0250/55

The Aussie dollar followed the rest of the high beta currency and commodity-related assets in their way south, after the FOMC minutes ignited a rally in the USD on Wednesday.

“Iron ore prices actually rose 0.6% to $158.90/tonne, a fresh high since Oct 2011. So long as 1.0227 holds, AUD/USD should stabilize today and probably edge higher multi-day”, commented Sean Callow, Strategist at Westpac.

AUD/USD is now losing 0.03% at 1.0253 facing the immediate support at 1.0220 (Lower Bollinger) ahead of 1.0203 (low Oct.15) and finally 1.0175 (low Oct.9).
On the upside, a surpass of 1.0276 (low Feb.18) would open the door to 1.0295 (hourly high/low Feb.20) and then 1.0310 (MA10d).

Forex Flash: French PMI to underperform Germany's – TD Securities

TD Securities analysts expect the flash PMIs for February to show a similar pattern to January, with France underperforming Germany. “We see downside risks to the improvement expected by consensus in the French PMI (mkt from 42.9 to 43.8) but the German manufacturing PMI should manage to edge above 50 (mkt 50.5) given the stabilization in new orders in the January report”, wrote analyst Annette Beacher.
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