The Dollar slightly rebounded on Tuesday but the correction was quite shallow ahead of US national holiday. After GBP reached 26-year high, NZ dollar also hit 22-year high yesterday afternoon.
Australia’s central bank left official cash rate unchanged at 6.25% on Wednesday, in line with expectation. Aussie against US dollar was little changed after RBA rates kept steady.
Today is the National Holiday for the U.S. Market may be choppy due to the thin liquidity. Other important data will be AUD trade balance and EURZONE retail sales.
AUD was quite steady after RBA left the interest rate unchanged. The long-term outlook for AUD is still bullish with a target of 0.8900. Look to buy on dip at 0.8460.
DOMAINS YAHOO FOR CONFERENCE CALL SERVICE
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