Since reaching a maximum at 1.0183 on Friday, Aussie fell slightly in early trading in London and is now trading just above 1.01. In the shift of focus from the QE and the dollar on the debt problems of the periphery of Europe, begins to appear some short covering of dollar. Partially weakened Australian currency due to the weakness of the kiwi, which has influenced a report on problems with vineyards on the North Island. An interesting fact is that recent data show a continuing decrease in the Australian Long in the week to 2 November - a trend that was evident during the previous four weeks. For Australian bulls, this information is of substantial interest in the context of the possibility of reaching a new high Australian over the past five weeks, despite the active avoidance of risks by traders.
Translate this page
