Riding this aud bull, just need some volatility, was hoping that yellen speech would do some good to the dollar bears.
The Australian dollar is climbing as the global economy continues to impress
The Australian dollar ground higher against the greenback and major crosses on Wednesday, supported by improved investor sentiment and technical buying. As seen in the hourly chart below, the AUD/USD jumped higher midway through the Asia session on the back of stop-loss buying and thin market conditions, eventually holding those gains for the remainder of the day. The Aussie was also largely unmoved on the news that the US services sector saw activity levels improve at the fastest pace in 12 years during September. Indeed, along with strong readings from Europe and China released in recent days, the PMI data has ... (full story)
- Posted: Oct 4, 2017 5:25pm
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 1,262