Disliked{quote} Same. This is certainly 1 event I wont forget about. End of quarter. AUD Exporters repatriating from CNY, JPY and any other currency to AUD. Banks know this, so they buy AUD ahead of their clients and stand ready to sell their client AUD at inflated prices. Just a theory. If it doesnt make sense someone let me know. As for RBA, with this rise continuation there sure as hell wont be a rate hike. As Stevens said in his speech recently. "IF THIS POSITIVE TREND IN DATA CONTINUES we expect to see interest rate stabilization." Not his exact words...Ignored
RBA may have stopped jawboning, but they dont want this pushing back to parity obviously. The fed is moving toward rate hikes, etc. etc.
Really just a risk management game at this point. 0.9300-0.9350. was the sell zone for me
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