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Thomson Reuters
Sep 05 - 12:12 AM
AUD/USD - Rally Stalls As Market Once Burnt/twice Shy
First appeared on eFXplus on Sep 04 - 10:10 PM
  • AUD/USD rally after strong Aus GDP stalled around 0.7215/20 and is easing
  • AUD/USD rose after RBA statement was unchanged from previous and hit 0.7236
  • Those gains quickly evaporated and AUD/USD slid 1.0% when EM assets sold off
  • Strong GDP should at least discourage aggressive selling ahead of 0.7145/60

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