<p>The EURUSD pair recently hit a new session low, testing a critical swing area and the 38.2% Fibonacci retracement level, ranging between 1.0878 and 1.0887. The pair's low touched 1.08829
AUD/USD is down 0.5% to a low of 0.6928 The more defensive risk tone is continuing to reverberate in the market to start the day, with the dollar and yen staying more bid ahead of European trading.
<ul><li>Economic activity is slowing faster than we forecast</li><li>Softening of economy may help bring down inflation faster</li><li>But labour market resilience
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