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10 Dec 2014
AUD/USD positive in broader bearish territory
FXStreet (Guatemala) - AUD/USD is trading at 0.8298, up 0.01% on the day, having posted a daily high at 0.8310 and low at 0.8285.
AUD/USD trades and remains with a broadly based bearish tone and despite the give back in the greenback currently. There are a number of pressures on the Aussie, from iron ore through to macro developments elsewhere that are negatively impacting on the currency.
The RBA’s has been priced in to tale action next year while the officials of the Central Bank have been repeatedly jawboning the currency lower to more desirable levels. Meanwhile, the greenback is giving back multi session gains on growing sentiment that the Fed will keep rates as they are for a considerable time longer.
AUD/USD trades and remains with a broadly based bearish tone and despite the give back in the greenback currently. There are a number of pressures on the Aussie, from iron ore through to macro developments elsewhere that are negatively impacting on the currency.
The RBA’s has been priced in to tale action next year while the officials of the Central Bank have been repeatedly jawboning the currency lower to more desirable levels. Meanwhile, the greenback is giving back multi session gains on growing sentiment that the Fed will keep rates as they are for a considerable time longer.