Even Recycled Rudd 2.0 can't help the AUD stay above the 0.90 line
AUD/USD Forecast July 8-12
The Australian dollar continues to lose ground against the US currency, and lost close to a cent on the week. AUD/USD closed the week at 0.9060. This week highlights include Consumer Sentiment and Employment Change. Here is an outlook of the events and an updated technical analysis for AUD/USD. Australian releases continue to struggle, as Retail Sales and Building Permits, both key events, missed their estimates. The Aussie also lost ground as the broadly stronger US dollar got a boost late in the week from a strong Non-Farm Payroll release. Will AUD/USD lose the 0.90 line?