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Australian dollar comes under pressure as risk trades slip

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AUD/USD now lower on the day

AUD/USD now lower on the day

It took some time for it to bleed over but the bid in bonds is starting to spark a flight to safety elsewhere.

I’m surprised it’s not a bit worse seeing as how 10 year yields are now down 4 bps to 1.243% and they’ve been at the leading edge of everything lately.

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