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Derived real-time data in partnership with:
Thomson Reuters
Apr 25 - 06:12 AM
AUD/USD - Trades Below 0.70 For The First Time In 16 Weeks
First appeared on eFXplus on Apr 25 - 04:40 AM
  • AUD/USD hits 0.6992 after tripping stops below 0.7000 (0.7003 = March 8 low)
  • 0.6992 is the lowest level for AUD/USD since the Jan 3 flash crash
  • Drop through 0.7000 influenced by the SSEC closing down 2.4 pct nZZN2RKD00
  • 0.7004-0.7023 was Asia range (Anzac Day). 0.7005 was Wednesday's low
  • Wednesday's drop to 0.7005 was spurred by soft Australian inflation data
  • 12 of 23 economists tip RBA rate cut on May 7 - Reuters poll nL3N22621P

AUDUSD: Click here

Source:
Thomson Reuters IFR Markets

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