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11 Mar 2014
AUD/USD regains upside after weak Australian data
FXStreet (Bali) - AUD/USD fell to a low of 0.9010, which coincides with static support intraday, and is now trying to pick up some upside, following a downbeat NAB business confidence/conditions report in Australia.
There is some talk in the market on AUD buying interest coming from an Australian Govt 2026 bond issue, with sources adding that the last time the AOFM (Australian Office of Financial Management)issued a similar bond it gathered around $9 billion worth of interest.
For today, according to Jim Langlands, Founder at FXCharts: "Look for 0.8985/0.9050 to cover price movements, with focus turning towards the Australian Jobs data, due Thursday, but before then keep an eye on the Asian equities markets and for any possible activity in Aud/Jpy after the BOJ."
There is some talk in the market on AUD buying interest coming from an Australian Govt 2026 bond issue, with sources adding that the last time the AOFM (Australian Office of Financial Management)issued a similar bond it gathered around $9 billion worth of interest.
For today, according to Jim Langlands, Founder at FXCharts: "Look for 0.8985/0.9050 to cover price movements, with focus turning towards the Australian Jobs data, due Thursday, but before then keep an eye on the Asian equities markets and for any possible activity in Aud/Jpy after the BOJ."