USD Trading Outlook (29-11-2013)
The Thanksgiving holiday has ensured a fairly quiet overnight session with the AUD/USD trading in a quiet range. End-of-month flows will be the main factor in today’s trading session and all reports that I’ve read expect these flows to be AUD/USD positive. Nevertheless, the big real-money funds have been very regular sellers of AUD against all of the other majors and we must wait and see whether this continues or not.
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