to trade and code, keep both simple... no call to impress....h
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Reality Check In The AUD & USD Markets
The Australian Dollar has lost a significant amount of value on the back of a well-telegraphed 25bp rate cut by the RBA, with the one-way street bias in the Oceanic currency since the event a clear manifestation of the build up in expectations for further easing by the Central Bank. The NZ Dollar acted as a slower version replica of the movements seen in the AUD, as the market expects the RBNZ to follow suit with lower rates now that the RBA has made a move again. The US Dollar was another notable mover after a decade-low print in the US ISM Manufacturing PMI, which has led to a quick re-assessment for a lower ... (full story)