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Strange price action sees the AUD outperform the US dollar.

Written by Sam Coxhead on June 15th, 2012.      0 comments

5:14 PM (NZT) This pairing has had a mixed week so far. I think this is a good result for the AUD considering the pressures at play. The AUD is again through the parity level as the market anticipates further QE measures from many of the world’s leading central banks, including the Federal Reserve. Also boosting demand is apparent position squaring from investors ahead of the weekends election in Greece.  Next will certainly prove to be interesting at the very least. Next week Wednesday will be the focus for the pair. The RBA monetary policy meeting minutes are released ahead of the Feds monetary policy decision. I can’t but help think that investigations lower will be forth coming in the short term.
 
The current interbank midrate is:                                                            AUDUSD  1.0013                                                                                        
 
The interbank range so far this week to date has been:                 AUDUSD .9854 – 1.0028
Topics: AUD USD
 

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