Australia Dollar well above expectation

The Australian Dollar is performing well on the news of banks being prepared for stress tests by increases in the cash reserve requirements. Westpac was the first to jump the gun increasing borrowing rates by 20 basis points and deposit rates by 25 basis points. Westpac is forcing the RBA to act as economists realise […]

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AUD under pressure

The AUD remains under pressure. Unemployment is creating a good short opportunity for CFD traders since late last week. AUDUSD has lost around around 140 pips since late July with no sign of significant motion for long opportunities. Westpac-MI Sentiment numbers are due on the 13 of September followed by Q2 WPI.

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