20 Nov 2013
AUD/USD pressing against 0.94 after 0.9450 topside failure
FXstreet.com (Barcelona) - AUD/USD has been trading heavy in the last 2 hours of trading, with comments from RBA board member Debelle fueling some selling interest after a retreat off offers-sensitive area at 0.9445/50.
According to Debelle: "RBA would prefer the Australian dollar lower", something hardly surprising, yet any little jawboning towards the AUD by officials seems to have been working successfully, so there is some logic they keep reminding on the uncomfortably high value of the Australian Dollar. Debelle adds that "the US Fed taper would help to bring down the AUD lower."
According to Debelle: "RBA would prefer the Australian dollar lower", something hardly surprising, yet any little jawboning towards the AUD by officials seems to have been working successfully, so there is some logic they keep reminding on the uncomfortably high value of the Australian Dollar. Debelle adds that "the US Fed taper would help to bring down the AUD lower."