AUD/USD buoyed by EIB Kangaroo bond purchase

FXstreet.com (Barcelona) - The Australian Dollar is getting some minor support along the current Asian session, after the exchange rate vs the USD was smashed on Thursday, with technicals (break of a H&S pattern) and fundamentals (RBA's Stevens not ruling out intervention in the AUD) aligning for the powerful sell-off to manifest.

On Friday, it seems as though news on the European Investment Bank's Kangaroo bond purchasing has provided some support to the Aussie. As reported by John Weavers, Analyst at IFR Markets: "The EIB returned to the Aussie market late Thursday with AUD250mln long 5-yr bond, with Deustche Bank and TDS the joint lead managers for the latest AUD transaction from the EIB."