The Australian Dollar (AUD): The pair opened around 0.9360 in NY session, a few pips below last night’s close, relatively tight ranges been played of 0.9333/80. Technical traders buying the bounce off the 200-HMA, AUD/JPY buying started the Aussie in Sydney last night. Some AUD/CAD buying from macro accounts after the BoC downgraded growth forecast. AUD/USD headed to close near 0.9375.
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