AUD/USD: bears in control below 50 4hr sma

AUD/USD is currently consolidating at the convergence of the 200 and 100 sma on the hour charts.
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Australia's steel will not be their saviour - Nomura

Analysts at Nomura explained that while infrastructure investment is expected to remain robust, the impact on steel demand is unlikely to be enough to offset the decline in demand coming from weaker construction activities, according to the Australian Department of Industry, Innovation and Science (ADIIS).
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