USD Trading Outlook (28-02-2014)
The Australian Dollar (AUD): Risk sentiments from Russia/Crimea tensions increased pressure on AUD’s post capital expenditure data which drove the pair down to a low of 0.8903. AUD/USD then bounced back up, as talk of exporter bids in the 0.8880/0.8900 zone and had the pair rallied up near 0.8930 into NY open. Rally continued as Yellen’s testimony to the US Senate Banking Committee was considered dovish, lifting the AUD further up.
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