26 Nov 2013
Aussie weakens broadly
FXstreet.com (Córdoba) - Despite a short-lived recovery, the Australian dollar weakened broadly during the European session and fell to multi-month lows versus major counterparts.
AUD recovery short-lived
The AUD was supported by comments from RBA Deputy Governor Lowe who said that the threshold for currency intervention was fairly high, but gains didn't last, putting the Aussie back under pressure.
AUD weighed by intervention threaten
The Australian dollar remains in a mid-term downtrend that started last month, with AUD/USD having dropped over 600 pips from Oct 23 high of 0.9656 and now posting its fifth daily loss in a row. Latest comments from RBA Stevens, highlighting intervention as a possibility are weighing on the currency.
AUD crosses
The AUD/USD dropped a hundred pips from highs and hit a fresh 2 ½-month low of 0.9105 in recent dealings. The AUD/JPY fell to a 2-week low of 92.32 while AUD/CHF hit a 3-month low of 0.8277. The EUR/AUD printed a fresh while the GBP/AUD hovers near a 3 ½-year peak of 1.7777 scored yesterday.
AUD recovery short-lived
The AUD was supported by comments from RBA Deputy Governor Lowe who said that the threshold for currency intervention was fairly high, but gains didn't last, putting the Aussie back under pressure.
AUD weighed by intervention threaten
The Australian dollar remains in a mid-term downtrend that started last month, with AUD/USD having dropped over 600 pips from Oct 23 high of 0.9656 and now posting its fifth daily loss in a row. Latest comments from RBA Stevens, highlighting intervention as a possibility are weighing on the currency.
AUD crosses
The AUD/USD dropped a hundred pips from highs and hit a fresh 2 ½-month low of 0.9105 in recent dealings. The AUD/JPY fell to a 2-week low of 92.32 while AUD/CHF hit a 3-month low of 0.8277. The EUR/AUD printed a fresh while the GBP/AUD hovers near a 3 ½-year peak of 1.7777 scored yesterday.