AUD/USD At a Critical Juncture Ahead of the RBA Rate Decision (0.9182)
November 30, 2009 - 6:51 pm by Forex District · Leave a Comment
The Aussie was steady in the NY session as mixed stocks gave no clear direction in the near term.
While uncertainty surrounding Dubai World’s debt prevailed early in the session, U.S. stocks changed courses near the close as headlines crossed that the bank was in “constructive” talks to restructure around $26 billion of debt.
Risk currencies rallied alongside stocks but moves were moderately soft.
The Australian Dollar has an important day ahead, as we not only see the latest RBA rate decision, but also the building approval figures and the Chinese manufacturing purchasing managers index.
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