Aussie continues to suffer, dropping to 0.9805 in early trading in London. At night, he bravely tried several times higher than 0.99, but to no avail. He is coming under pressure in response to the minutes of the meeting of the Reserve Bank of Australia (RBA), which means that the last decision to lift interest rates was quite balanced, and required only a very mild tightening (RBA raised the official interest rate by 25 basis points earlier this month) . To some extent, the Aussie dollar's strength also pressed, and the movement of some Asian Central Bank away constraints of capital flows and increased inflationary pressures. As we recently suggested, the Australian currency is in a solid Consolidation regime against the backdrop of many Longo, seeking sale to strengthen its position.
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