USD Trading Outlook
The Australian Dollar (AUD): Sell off continued from Europe session to NY.The pair dropped below 0.90 to 0.8995 as copper slid and equity market set to open lower. However, no further loss was seen as exporter bids into 0.8980-90 support zone. AUD then slowly climbed higher to 0.9053-55. Little data due for today, investors will be focusing on how the CNY & CNH market level move.
The Australian Dollar (AUD): The pair initially played in a tight range above 0.9100. The hawkish FOMC statement pushed the AUD down to 0.9060/65 support, bears continued jumping in on a strong USD basis and pushed the pair to a low of 0.9020. No major Oz data coming out this week, however, if U.S home sales and unemployment claim comes in strong tonight, AUD could test the 0.8990/90 level.
The Australian Dollar (AUD): Europe bought the dip on the pair near 0.9055/65, bulls kept the pressure and further pushed the AUD to a high of 0.9135. AUD cross buying especially vsing the EUR and GBP from macro & momentum names emerged.
The Australian Dollar (AUD): AUD and other high beta currencies rallied in London and NorAm trading as tensions in China and Crimea from last week failed to immediately pay off following the Crimean "referendum". Safe heavens were sold, putting AUD/JPY in front. RBA minutes at 00:30GMT will provide better indication for the pair.
The Australian Dollar (AUD): The pair opened slightly lower but drifted lower on Crimea tension to a low of 0.8993. Support was found and bounced the AUD to above 0.9020. AUD market will be focusing on the RBA Minutes that will be released out on Tuesday. It will be looking for any comments on the level of currency and further colour on the economy. The PBOC has decided to widen the trading band of the CNY to 2%, any weakness of CNY will damage the AUD.
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