AUD/USD is starting out flat in the open in a quiet start to the week, so far. At the time of writing, AUD/USD is trading at 0.7414 and oscillating within a few pips of a range sat on the 1-hour 10 smoothed moving average. Conditions for commodity currencies have been positive for AUD which has enjoyed the inflation hedge taking place in forex since the Federal reserve turned a lot more hawkish of late. There has also been a specific notice paid to both offshore equities and US rates. In this regard, US stocks retained their firmer bias on Friday, with investors cheering better-than-expected Retail Sales growth for ... (full story)