USD Trading Outlook (11-09-2013)
The AUD continued its broad recovery overnight making solid gains against all of the other majors. Turnover was very heavy and it was AUD/JPY which again led the way. The easing of international tensions surrounding Syria has encouraged many to reduce their ‘risk-aversion’ hedges. There isn’t much of note on today’s economic calendar and we will again rely on positional adjustments for any movements.
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