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14 Apr 2015
AUD/USD: Downside prevails overall
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7633 with a high of 0.7650 and a low of 0.7555.
AUD/USD is consolidating the IMF news and has tailed off the the downside and is heavy. This is a knee jerk reaction in the greenback as markets fear that this will require a hold policy for longer from the Fed in respect to timings of a rate hike.
However, the Aussie remains in a bearish picture overall as the RBA is ready to act accordingly by cutting rates should need be, and as soon as the May meeting in required. They will be monitoring data events closely, and we are approaching the jobs news this week that will be a key assessment and gauge for the Central Bank. Karen Jones, chief analyst at Commerbank said the focus is on the 0.7534 recent low.
AUD/USD is consolidating the IMF news and has tailed off the the downside and is heavy. This is a knee jerk reaction in the greenback as markets fear that this will require a hold policy for longer from the Fed in respect to timings of a rate hike.
However, the Aussie remains in a bearish picture overall as the RBA is ready to act accordingly by cutting rates should need be, and as soon as the May meeting in required. They will be monitoring data events closely, and we are approaching the jobs news this week that will be a key assessment and gauge for the Central Bank. Karen Jones, chief analyst at Commerbank said the focus is on the 0.7534 recent low.