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20 Dec 2013
AUD/USD remains in small range, consolidating weekly losses
FXstreet.com (Córdoba) - The AUD/USD continues trading in a small range between 0.8870 and 0.8830, but in the final hours of the American session found support at 0.8850. Thursday has been a consolidating day for the Aussie after losing ground on Wednesday and hitting 3-year lows at 0.8818.
Another week, another decline for the AUD/USD
Unless the pair rises above 0.8970, it will finish the week in red, posting the third weekly decline in a row and the seventh out of the last nine weeks. Since mid October it has fallen more than 800 pips.
Commodity currencies has remained week in the last weeks and particularly the Aussie, affected by comments made by RBA governor G. Stevens, US economic data and the FOMC announcement. The AUD/USD failed to rally even with upbeat economic data from Australia.
Another week, another decline for the AUD/USD
Unless the pair rises above 0.8970, it will finish the week in red, posting the third weekly decline in a row and the seventh out of the last nine weeks. Since mid October it has fallen more than 800 pips.
Commodity currencies has remained week in the last weeks and particularly the Aussie, affected by comments made by RBA governor G. Stevens, US economic data and the FOMC announcement. The AUD/USD failed to rally even with upbeat economic data from Australia.