8 Apr 2015
AUD/USD steady ahead of FOMC minutes
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7649 with a high of 0.7652 and a low of 0.7633.
The AUD/USD is trading with a heavy tone with the the greenback advancing across the board overnight and trading with a better bid tone again as we continue through the week. There is not anything to note from Australia for today although the US shift will bring the FOMC minutes.
There is a dovish tone expected in FOMC mintes and that could potentially weigh on the greenback, reminding markets of the dismal NFP's numbers of last week. The Aussie remains subject tot he low iron ore prices of late and given the no change policy of the RBA yesterday, markets are starting to price in a rate cut for May, and this too weighs on the Aussie. Technically, AUD/USD carries a six year low at 0.7534 and this could come under threat on a break through the psychological 0.76 level.
The AUD/USD is trading with a heavy tone with the the greenback advancing across the board overnight and trading with a better bid tone again as we continue through the week. There is not anything to note from Australia for today although the US shift will bring the FOMC minutes.
There is a dovish tone expected in FOMC mintes and that could potentially weigh on the greenback, reminding markets of the dismal NFP's numbers of last week. The Aussie remains subject tot he low iron ore prices of late and given the no change policy of the RBA yesterday, markets are starting to price in a rate cut for May, and this too weighs on the Aussie. Technically, AUD/USD carries a six year low at 0.7534 and this could come under threat on a break through the psychological 0.76 level.