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Joined Sep 2011
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Status: Its in the waiting
|869 Posts
I'm also short aud:usd based on Royal Bank of Australia's lowering the cash rate from 3.50% to 3.25%. Old fashioned fundamental trade. If it rebounds before Frankfurt and London open, will add to my short positions.
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Joined Sep 2011
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Status: Its in the waiting
|869 Posts
Closed audusd for 10 pips. It may go higher but it has been struggling. The RBA wanted to drop the value of the aud and their interest rate reduction of .25 basis points did a good job. Then the this little bit of news was released: