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The USD bounces against the AUD following the FED meeting.

Written by Sam Coxhead on June 22nd, 2012.      0 comments

4:45 PM (NZT) It has been an interesting week for the AUDUSD pairing, with price action dominated by the respective central banks. The RBA monetary policy meeting minutes point towards less certainty about cuts in the coming months and provided some demand for the AUD. Adding to the demand was the prospect further QE from the FED at their monetary policy meeting. When this further QE was not forth coming the markets have reacted by selling growth assets, of which the AUD is obviously one. This pressure has pushed the pair down to the lows for the week and given the uncertainty in Europe, investigations lower would not surprise.
 
The current interbank midrate is:                                                            AUDUSD  1.0056                                                                                         
 
The interbank range so far this week to date has been:                 AUDUSD 1.0025 – 1.0224
Topics: AUD USD
 

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