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12 Dec 2014
AUD/USD pressured lower and support depleting
FXStreet (Guatemala) - AUD/USD is trading at 0.8256, down -0.06% on the day, having posted a daily high at 0.8282 and low at 0.8242.
AUD/USD has broken lower but remains consolidated in Asia with the greenback trying to make ground in the Pacific with the Kiwi also pressured and testing support.
The US data was robust overnight and surprised to the upside vs a consensus in retail sales while markets were responding to higher US yields and generally taking up the US dollar.
Meanwhile, RBA Stevens has also been reported to give off a less dovish outlook and concentrating more on the price of the Aussie and boosting confidence in the economy that the cost of money itself. The Bank prefers to see the domestic currency at 0.77c to where it is currently and Stevens explained that it is likely to be lower in a years time to where it is currently.
AUD/USD has broken lower but remains consolidated in Asia with the greenback trying to make ground in the Pacific with the Kiwi also pressured and testing support.
The US data was robust overnight and surprised to the upside vs a consensus in retail sales while markets were responding to higher US yields and generally taking up the US dollar.
Meanwhile, RBA Stevens has also been reported to give off a less dovish outlook and concentrating more on the price of the Aussie and boosting confidence in the economy that the cost of money itself. The Bank prefers to see the domestic currency at 0.77c to where it is currently and Stevens explained that it is likely to be lower in a years time to where it is currently.