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AUD/USD sticks on 78 cents despite volatility in GBP and EUR ahead of Fed Chair Powell’s monetary policy testimony.


China PMI Surveys, Q4 capex are important for AUD, but Fed Chair Powell’s testimony on Tuesday could be key to financial markets


AUD was Wednesday’s worst performing currency as RBA rate hike forecasts continue to be pared back. US stocks liked the FOMC Minutes so USD gave back some of its gains.


Minutes show RBA in no rush to do anything. USD rallies further as stocks fall. EUR was Tuesday’s worst performer.


No surprises seen in RBA Minutes today, but can AUD hold on to US 79 cents?

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