2327 GMT [Dow Jones] The AUD/USD is likely to trade in a relatively thin band Tuesday, Arab Bank treasury dealer David Scutt says in a note; he pegs support at 0.9965 and resistance at 1.0045. With the pair currently at 1.0005 another venture below parity "looks (to be) on the cards," he says, particularly if major Asian equity indices fall heavily in early trading. Investors are jittery as markets now appear to be preparing for failure at this week's European Union summit, with German Chancellor Angela Merkel again dismissing the notion of shared debt liability across the euro-zone. (rachel.pannett@wsj.com)
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(END) Dow Jones Newswires
June 25, 2012 19:27 ET (23:27 GMT)
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