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the AUD steadies further against the GBP.

Written by Sam Coxhead on May 25th, 2012.      0 comments

5:15 PM (NZT) The Australian dollar continued its recent stablisation against the GBP. Both currencies were vulnerable at times, in what has been at times directionless trade. Current levels offer good value buying of AUD with GBP. Next week sees economic data return to focus  in Australia, with retail sales on Wednesday being the primary focus. The .6180 (1.6180) level remains the initial target for any AUD weakness. The .6300 (1.5875) level will  likely contain and AUD strength in the short term.
 
The current interbank midrate is:                                                            AUDGBP  .6222                     AUDGBP 1.6072                                                                                      
 
The interbank range so far this week to date has been:                 AUDGBP .6175 – .6277      GBPAUD 1.5931 – 1.6194
Topics: AUD, GBP
 

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