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Forex: AUD/USD extends the decline, around 1.0230/35

FXstreet.com (Barcelona) - The softer-than-expected flash manufacturing PMI print from the Chinese economy is weighting on the Aussie dollar on Tuesday, dragging the cross to the area of 1.0230/35 and posting 6-week lows at the same time.

In the wake of the Chinese data, Analyst Adrian Foster at Rabobank commented, “This reinforces the point that China’s overall economy is becoming less about exports and more about the domestic services sector. In particular, it reminds that the government is an important force in the broader economy”.

At the moment, the pair is losing 0.45% at 1.0226 with the next support at 1.0202 (low Mar.11) followed by 1.0188 (low Mar.5).
On the upside, a surpass of 1.0280 (hourly high Apr.22) would expose 1.0358 (high Apr.19).

France Apr Business Climate falls to 88 vs 91 (Mar)

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Forex: USD/JPY looks to extend corrective movement below 98.59

The USD/JPY came to retest the daily lows on the European opening, extending lower by 2 pips to 98.57. The pair is once again taking profits from having rallied towards but failing just below the 100.00 mark. The first time capped at 99.94 high as investors cheered the surprising BoJ policy decision and the second time was capped at 99.89 high in reaction to G20/IMF approval of such policy.
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