Asian Market Update: RBA Maintains Neutral Posture As Building Approvals Bounce

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Australia was in focus in today's session, as a sharp u-turn higher in commodities helped S&P/ASX outperform regional indices after it fell to 6-week lows overnight. Trading in AUD was also volatile the Aussie initially fell about 20pips on the report that Deutsche Bank is now forecasting two 25bp



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