FOMC’s and RBA’s Minutes showed that policymakers are still concerned. Australian macroeconomic data surprised to the downside, capping the aussie. AUD/USD is technically neutral in the longer-run, modest bearish potential. The AUD/USD pair is finishing the week with modest losses, trading around the 0.7740 level. Despite the broad greenback’s weakness, the aussie has remained unable to attract speculative interest. The pair’s behaviour has been directly… Source link
Read More »Aussie may fall, but not by much
