Wednesday, April 24, 2013

AUD/USD Remains in Downward Channel Following Weak CPI

The Australian dollar remains pressured in the lower part of a the long term 1.0150 – 1.06 range. In the past few days, it has descended in a downtrend channel. Inflation in Australia came out below expectations, raising the prospects of a rate cut, or at least pushing any potential rate hike back. At the
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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