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Business / Finance

Commodity currencies are again under attack

MQL5: Blogs Traders 07.02.2019 at 12:41

Blogs traders and analyst of financial markets

AUD/USD

In early January, the risk currencies have experienced a real shock, some of the pairs in one hour lost more than 300 PP. So, Audi/dollar has almost reached the 67 figure, updating the at least 2016. It is worth noting that almost immediately buyers "Ozzie" returned the lost positions and even tried to change the existing trend in the market. But as you can see, this attempt was not successful. Post-RBA, the price managed to break above the 0.7260. But, the statement of Philip Lowe early Wednesday morning, almost completely knocked the ground from under the feet of the buyers. The head of the Australian regulator announced the transition to a neutral stance in monetary policy after a long period of time in a statement, the regulator mentioned a phrase about tightening policy in the foreseeable future.