USD Trading Outlook (02-12-2013)
The AUD is in for a busy week with the RBA meeting tomorrow and the non-farm payrolls data on Friday. The speculative market is sitting short of AUD, based on what I’m hearing from the big Prime Brokers, and if real-money funds start to reduce their selling of the AUD we could be in for a retracement. Unofficial inflation data, minor building data locally, and of course the HSBC China manufacturing PMI are all due for release today and that should ensure a busy session.
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