Italian election has created a hung parliament. AUDEUR is at 2 year lows around 0.62 level. USD has slumped in response to President Trump’s proposed tariffs as the issue of protectionism and trade wars returns. Japanese Yen has strengthened amid safe haven flows. AUDJPY is at 1 year lows around 82. Australia’s Q4 GDP data (Wed) forecast at 0.5% (2.5%pa) is sub-trend.
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