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11 Dec 2014
AUD/JPY drops to 5-week low
FXStreet (Córdoba) - A sudden dropped of the aussie across the board pushed the AUD/JPY from 98.10 to 97.44, reaching the lowest price since October 31.
The pair was moving sideways, around 98.00, consolidating after falling sharply during the previous three trading days. The better-than-expected employment data from Australia gave temporal support to the aussie but the governor of the Reserve Bank of Australia (RBA), G. Stevens said that the AUD/USD should be closer to 0.75 rather than 0.85 and triggered a decline of the aussie in the market.
AUD/USD dropped from 0.8270 to 0.8212 in a few minutes while AUD/NZD broke abelow 1.0580 and extended the slide quickly to 1.0534, approaching 2014 lows.
The pair was moving sideways, around 98.00, consolidating after falling sharply during the previous three trading days. The better-than-expected employment data from Australia gave temporal support to the aussie but the governor of the Reserve Bank of Australia (RBA), G. Stevens said that the AUD/USD should be closer to 0.75 rather than 0.85 and triggered a decline of the aussie in the market.
AUD/USD dropped from 0.8270 to 0.8212 in a few minutes while AUD/NZD broke abelow 1.0580 and extended the slide quickly to 1.0534, approaching 2014 lows.