USD Trading Outlook (10-10-2013)
The Australian unemployment data is due out later this morning and will be today’s key risk event. Any movement is likely to be short-lived as I cannot see the data impacting much on monetary policy at a time when so many other events are happening. The confirmation of Janet Yellen as next Fed Chairperson gave the USD a boost across the board but the AUD/USD didn’t fall much as risk-trades also rose.
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