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Thin markets on Monday - Westpac

FXStreet (Bali) - Today's markets will be thinned considerably by holidays in many markets, notes Sean Callow, FX Strategist at Westpac.

Key Quotes

"Today's markets will be thinned considerably by holidays in many markets including the US (Memorial Day), the UK (bank holiday) and Hong Kong (Buddha’s birthday)."

"Singapore releases April CPI, with consensus 0.1% y/y overall, 0.6% y/y on core inflation but little tension given the next MAS review is not due till October."

"The NZ and Australian data calendars are bare but there's Fedspeak from Vice Chair Fischer (in Israel) and Cleveland Fed hawk Mester (in Iceland) to keep an eye on."

AUD/USD: V-shape bull swing, bears in control

The Australian Dollar saw a brief drive through last Friday's low at 0.7810, reaching its lowest at 0.7808, before a vigorous rebound towards 0.7825/30, point where it has settled now.
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