Monday 3 December 2012

RBA cuts 25 BPS to 3.0%

The initial reaction in the market was to sell AUDUSD and saw it dropping just 10 pips lower. Afterthat we saw good demand of AUDUSD. It jump up to a high of 1.0458.

RBA says that Audusd is still higher than what they expect.

I think we will still see good offers around 1.0500 coming out later if we get there.

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