USD Trading Outlook
The Australian Dollar (AUD): Risk sentiments from Russia/Crimea tensions increased pressure on AUD's post capital expenditure data which drove the pair down to a low of 0.8903. AUD/USD then bounced back up, as talk of exporter bids in the 0.8880/0.8900 zone and had the pair rallied up near 0.8930 into NY open. Rally continued as Yellen's testimony to the US Senate Banking Committee was considered dovish, lifting the AUD further up.
The Australian Dollar (AUD): Report showed that the early sell off in Asia session yesterday was created by a UK seller. The pair gained back to around 0.9025 as Europe session started but as the USD went bid and emerging currencies were soft, the NY bears increased pressure on the pair and had it below Asia's low. Main focus for today will be the Capital expenditure data due at 00:30 GMT, market will be looking for the service sector to make up for big decline in mining investments.
The Australian Dollar (AUD): Europe session bought the brief dip on the recent weak CNH and CNY which pushed AUD to a high of 0.9044 before it slid back to 0.9030 in NY open. The pair was stuck in a relatively tight range but due to JPY strength, AUD/JPY was below 92.45 which dragged the AUD down to the lower end of day range, around 0.9015. Tomorrow's Capex data would impact the AUD/USD as traders will be looking to see if the drop in mining investment can slowly pick up and China's Manufacturing PMI (due over the weekend) will also affect the AUD/USD.
The Australian Dollar (AUD): The pair fell back to a low of 0.8937 in Asia session due to higher USD/CNH. However, Europe saw the downside movement was limited and begun squeezing shorts. 0.90 level was first rejected but USD weakness showed across the board, bulls took advantage and pushed AUD up to a high of 0.9050.
The Australian Dollar (AUD): The pair slid back down below 0.90 in NY's open on concerns of a spike higher in USD/CNH. As USD started to strengthen against most currencies which added extra weight on the AUD reflecting the weak data shown from last week. Overall sentiment is now slowly forming on the downside, however, a break of 0.8920 is still needed for it to confirm.
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