11 Jul 2014
AUD/USD falls hard on Steven's comments
FXStreet (San Francisco) - The Aussie is currently trading down against its American counterpart as the pair is reacting negative to Steven's comments on 'no particular view' on rate cut speculation.
In an interview, the RBA's president also 'sees a downturn within the next 10 years (bold forecast, that).
The AUD/USD fell around 30 pips in the latest few minutes from 0.9410 to price at daily lows of 0.9375. Currently, AUD/USD is trading at 0.9380, down 0.16% on the day, having posted a daily high at 0.9410 and low at 0.9375.
AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD sentiment
"Down to 0.9385 as the market digs into the interview with the Australian. As always, Stevens warns of a material fall in Aussie as the Fed shifts gears into tightening mode but says he does not know when that will happen," comments Jamie Coleman from FXBeat. "Small bids are seen at 0.9375 with better at 0.9360."
In an interview, the RBA's president also 'sees a downturn within the next 10 years (bold forecast, that).
The AUD/USD fell around 30 pips in the latest few minutes from 0.9410 to price at daily lows of 0.9375. Currently, AUD/USD is trading at 0.9380, down 0.16% on the day, having posted a daily high at 0.9410 and low at 0.9375.
AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD sentiment
"Down to 0.9385 as the market digs into the interview with the Australian. As always, Stevens warns of a material fall in Aussie as the Fed shifts gears into tightening mode but says he does not know when that will happen," comments Jamie Coleman from FXBeat. "Small bids are seen at 0.9375 with better at 0.9360."