USD Trading Outlook (12-07-2013)
The market finally settled after a wild ride yesterday morning and the AUD bear-tone which emerged immediately after the Fed has persisted through the day. I’m not really sure what the justification is but the market has this sentiment fairly deeply ingrained and doesn’t want to let go. The economic calendar is fairly light during Asian trade and it will again be flows and positional adjustment which gets the FX market moving.
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