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16 Dec 2014
AUD/USD moving away from four year lows
FXStreet (Guatemala) - AUD/USD is trading at 0.8220, up 0.13% on the day, having posted a daily high at 0.8227 and low at 0.8204.
AUD/USD has been making fresh lows but wasn’t breaking the support at 0.8200 earlier. The pair is now trading slightly on the bid post the minutes from the RBA’s Dec meeting.
The minutes did not give an indication of a rate cut coming in the first months of 2015 and that has gen rise to support for the Aussie into the Asian session. However, there was continued mention for the requirement of a weaker currency and this will bring an air of caution around the trade off in the Aussie.
AUD/USD has been making fresh lows but wasn’t breaking the support at 0.8200 earlier. The pair is now trading slightly on the bid post the minutes from the RBA’s Dec meeting.
The minutes did not give an indication of a rate cut coming in the first months of 2015 and that has gen rise to support for the Aussie into the Asian session. However, there was continued mention for the requirement of a weaker currency and this will bring an air of caution around the trade off in the Aussie.