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Forex Flash: We may be entering a new era for the AUD - HSBC

FXstreet.com (Barcelona) - According to the HSBC research team, "it has become evident that equity market performance is no longer able to support the AUD" with the S&P, which had supported the AUD rally since 2008, now decoupling its relationship.

HSBC adds: "The AUD has fallen in recent months despite the S&P continuing to surge higher. This divergence in performance potentially signifies a decoupling of the AUD’s link with equity markets. We may be entering a new era for the AUD, whereby local factors not global factors play a much more significant role for the currency."

Forex Flash: RBA's Lowe speech hints RBA content to sit and wait - NAB

Following RBA's Deouty Governor Mr. Lowe speaks earlier today, NAB notes "the RBA is content to sit and wait for now as mining/ non-mining story unfolds..."
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China Feb FDI - Foreign Direct Investment (YTD)(YoY) improves to -1.35% vs -7.3%

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