USD Trading Outlook (14-03-2014)

The Australian Dollar (AUD): The pair ignored the better than expected U.S Retail sales data and rallied to a high of 0.9104 as early risk sentiment was buoyant. However, real money seller jumped in as tensions in Ukraine once again increased. China banks are considering to cut loans to bloated industries by up to 20% which added pressure to the pair. Further pressure was from ECB Draghi which sank the EUR/USD and kept USD strong against most major currencies.

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