AUD/USD: The Australian dollar eased as investors speculate interest rates will have to be cut in Australia amid sluggish economic growth, low inflation and a slowdown in its biggest export market, China. The Aussie trades 0.05 percent down at 0.7040, having hit a low of 0.7003 on Friday, it’s lowest since Jan. 4. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.6993 (Jan.4 Low), a break below targets 0.6965. On the upside, resistance is located at 0.7092 (Mar. 6 High), a break above could take it near 0.7150 (Feb. 22 High).
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