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Australia Q1 current account deficit AUD$14.9 billion (as expected)

Australia Q1 current account deficit AUD$14.9 billion (as expected)

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Sean Lee
05/06/2012 | 01:32 GMT

AUD/USD remains resilient this morning, with heavy short-covering ahead of the RBA working its way through sell orders between .9760/70. A clean break above this level would open the way for a broader recovery towards .9850.

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