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Stock market futures and AUD fall after JP Morgan announcement

Stock market futures and AUD fall after JP Morgan announcement

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Sean Lee
10/05/2012 | 21:16 GMT

FX risk trades like the AUD are falling after JP Morgan announced a $2 billion loss on synthetic trading positions. The market is understandably very wary of such announcements after the experiences during the GFC.

Next support in the AUD/USD is yesterday’s lows at 1.0035.

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