5 Mar 2015
AUD/USD bounces on RBA Lowe comments
FXStreet (Bali) - AUD/USD has rebounded off lows, with comments from RBA Deputy Governor Lowe to blame.
Lowe said they dont have as objective to push AUD lower, adding that the currency is now closer to fair value than in past couple of years, with no specific levels mentioned.
AUD/USD made a high of 0.7840, where solid offers are still parked disallowing further appreciation for now. The lowest so far was seen at 0.78, with range trading still dominant.
Lowe said they dont have as objective to push AUD lower, adding that the currency is now closer to fair value than in past couple of years, with no specific levels mentioned.
AUD/USD made a high of 0.7840, where solid offers are still parked disallowing further appreciation for now. The lowest so far was seen at 0.78, with range trading still dominant.