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    Markets Live: ASX on the ropes as Trump rally unwinds

    Jens Meyer
    Updated
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    Key Points

    • Trump bump for the Aussie: the currency soars to two-month high after Trump jawbones the greenback
    • The ASX is on track for a fifth loss in past seven sessions, led down by banks as Trump trade unwinds
    • Consumer confidence fails to rebound despite positive economic news as household worries persist
    • Wesfarmers shares rise following an earnings upgrade in the conglomerates coal division
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