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Asian stocks mixed

FXstreet.com (Barcelona) - Local share markets in the Asia-Pacific are showing mixed results with the Nikkei index and the Australian ASX in the positive, but China mainland and Korea in the negative, following weakness in the US stock markets.

The Nikkei index is up +0.54% shy of the 14700 points mark by the lunch break time in Tokyo, and the ASX is gaining some +0.3%. In red numbers are leading the way the Shanghai Composite index down -0.72% at the moment, while Korean Kospi is down -0.51%, and Hong-Kong's Hang-Seng is barely a -0.09% in the negative for the session being.

EUR/USD keeps support at 1.31 for now

The EUR/USD foreign exchange rate is currently trading at 1.311 off recent session lows at 1.3106, printed on the back of a broad USD move slightly higher in the Asia-Pacific, ahead of later one second part of FED Bernanke's testimony at 14:00 GMT.
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Flash: Be cautions against excessive short bets in the AUD - RBS

The sustained decline in the AUD continued well after the recent low point in iron ore, notes Greg Gibbs, FX Strategist at RBS, which suggests "The market is of a mind to dismiss the recovery and remains more watchful of how China now deals with its financial/property bubble."
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