AUD Dollar FX trader
(Action Economics) - 17-Jan-13 05:48 - AUD-USD ran into selling pressure on strength amid a wall of offers from 1.0575 into barriers from 1.0600 and above.
The drop in Australia unemployment accelerated the process and it fell to 1.0493 lows after stops featured under 1.0530 and 1.0500.
Leveraged names were active in AUD-JPY and macro funds had a strong influence in AUD-NZD and EUR-AUD as RBA rate cuts were priced in for February.
Once 1.0500 gave way buying interest picked back up on short term range types and some Japanese accounts also gambled on AUD-JPY longs into 92.50.
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