USD Trading Outlook (26-06-2013)
We are finally seeing a bit of orderly calm return to the AUD although there were a few moments of volatility mainly caused by events in regional stock markets. Reports that a small Chinese bank had failed sent their stock market tumbling and causing the AUD/USD to fall swiftly but these losses were soon reclaimed.
I’m expecting a fairly quiet day of range trading with most of the focus remaining on the crosses.
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