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More than the rest on the weakness of the U.S. dollar worked especially AUD/USD. And the couple on it were several reasons.
first, of course, the uncertainty of future plans of the fed in terms of rate returns the interest in the AUD as there is hope that the Reserve Bank of Australia was the first raise, not the U.S. regulator.
second, the economic reports from Australia. Today we have seen an increase in new jobs for 61 thousand, but predicted an increase of only 19 thousand More, about 80% of the working population employed full time.
Such a sharp increase in jobs should result in higher consumer spending that is able to start the inflation. And, therefore, the RBA will have to do the steps. And it is in favor of the Australian dollar. The next goal on the way AUD/USD may be the 0.7720 level.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.
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aud/usd, Forex club
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