USD Trading Outlook (31-03-2014)
The Australian Dollar (AUD): The pair continued to drift lower in Europe and NY session. Softness in EM markets seemed to be the catalyst for the pair’s slide and got the AUD to test support of 0.9240/30 region. Upcoming events for this week that will influence the AUD are; China manufacturing PMI and the RBA announcement. The RBA may temper any bearish moves though as many expect the bank to cease jawboning over the AUD and possibly present a more upbeat economic outlook.
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