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Jul 30, 2013
Session Recap: Aussie plummets; USD slightly higher
Following worst Australian building permits data for 2013 and RBA Stevens comments suggesting the central bank might cut interest rates next week, with OIS futures pricing in a 85% change this will happen, the Aussie has plummeted from above the 0.92 handle by early trade to recent session and fresh 2-week lows at 0.9063.
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Jul 30, 2013
AUD/NZD pounding out more new lows after Australia’s Stevens’ dovish speech
The Reserve Bank of Australia’s Governor Glenn Stevens’ speech to The Anika Foundation did nothing to alter the uber-bearish trend in the AUD/NZD Tuesday. Rather, it served only to intensify the selling in the cross.
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