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FX Update- AUD

Posted:20/11/2008 15:48 by Keith Lobodzinski
AUD/USD gapped lower after mooted central bank bids at 0.6250 gave way. There were very few prices on the way down once the interest was filled and the pair traded down to 0.6202, spiked up to 0.6230 before another round of selling forced a move down to 0.6199 session lows. U.S. equity markets have extended losses after the lowest Philly Fed reading in 18-years, which should encourage another bout of selling via the high yielders/commodity bloc currencies in favor of the USD, CHF and JPY. click here to return to the top of the page
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