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21 May 2013
Aussie tanking ahead of RBA on broad USD strength
FXstreet.com (Barcelona) - Few minutes away from RBA meeting minutes at 01:30 GMT, the AUD/USD is currently tanking to fresh session lows at 0.9764 from above 0.9800 levels at early Asia-Pacific trade, on the back of broad USD strength, following Japan Econ Min Amari comments, again on the Yen.
The Aussie had just posted fresh weekly and session highs at 0.9826 on the back of broad USD weakness, now reversed after Amari's softening comments today of those made yesterday, that took USD/JPY down to fresh weekly lows below the 102 level. Now the USD/JPY is back above the 102.70 mark, while Aussie keeps pushing the sell pedal down to 0.9764 last.
The Aussie had just posted fresh weekly and session highs at 0.9826 on the back of broad USD weakness, now reversed after Amari's softening comments today of those made yesterday, that took USD/JPY down to fresh weekly lows below the 102 level. Now the USD/JPY is back above the 102.70 mark, while Aussie keeps pushing the sell pedal down to 0.9764 last.