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23 Sep 2014
AUD/USD hits fresh 7-month lows
FXStreet (Córdoba) - The aussie failed to hold to gains and is falling for the third day in a row against the US dollar despite better-than-expected economic data from China. AUD/USD recently bottomed at 0.8833, reaching the lowest price since February 4.
The pair peaked during the European session at 0.8926 but lost momentum and started to pullback. As Greenback gained momentum across the board, accelerated to the downside. In the last five hours lost more than 80 pips, erasing all gains.
Currently is moving slowly away from the lows and trades at 0.8345/50, down 0.28% for the day, headed toward the fourth daily decline out of the last five trading days.
The pair peaked during the European session at 0.8926 but lost momentum and started to pullback. As Greenback gained momentum across the board, accelerated to the downside. In the last five hours lost more than 80 pips, erasing all gains.
Currently is moving slowly away from the lows and trades at 0.8345/50, down 0.28% for the day, headed toward the fourth daily decline out of the last five trading days.