USD Trading Outlook (13-03-2014)

The Australian Dollar( AUD): The AUD continued a new trend low of 0.8923 as copper spiked down near $2.905/91. RBA deputy Governor Philip stated that RBA is comfortable with how the economy is tracking. Short recovering started on the pair to a high of 0.8997. Main focus in Asia session will be the OZ jobs report, if it disappoint again, AUD is likely to get hit hard and RBA may have to rethink their recent neutral rate bias.

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