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AUD/USD neared its 200-day SMA on supportive moves higher in copper, coal and iron ore prices. A weaker US Dollar and a worsening energy crisis in Europe provided another tailwind to the Aussie Dollar.
The New Zealand Dollar surged overnight after a US CPI miss sent traders rushing into risk assets, dragging the USD lower against its major peers. APAC traders are awaiting China's July Yuan loans ...
With a lack of focus early in the week, markets will be watching the headlines for progress in the Russian/Ukraine negotiations.