AUD/USD: pressured still on oil falling to new lows - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Aussie enjoyed some intraday demand against its American rival, and the AUD/USD pair advanced up to 0.7035, despite the ongoing risk environment, trimming.

    Key Quotes:

    "However, most of its daily gains in the American afternoon. Trading below the 0.7000 level, the Australian currency is being weighed by plummeting oil prices, with WTI futures posting fresh lows around $31.00 a barrel in the New York Comex."
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