USD Trading Outlook (25-06-2013)
The big orders in the AUD/USD either side of .9150/.9250 did indeed ensure a real battle, firstly at the upper end of the range and later on at the lower end. Talk of international asset managers bailing out of local markets gave the embattled AUD a very bearish feel at times but strong bids from Asian central banks stopped the bleeding.
The economic calendar is bare again so we will look to developments on the Chinese credit markets and also of course on Australian asset markets for leads.
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