USD Trading Outlook (04-03-2014)
The Australian Dollar (AUD): Europe session saw the pair was unable to push further below 0.8880, therefore, started short squeezing the bears and rallied to a high of 0.8946. Main focus will be the RBA today at 03:30GMT , with rate more likely to be on hold and statement similar to February’s, we cannot rule out any slightly dovish stance. With Capex data being poor, China PMI eight months low may bring concerns for Steven on overall Australia economy.
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