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The strongest and weakest currencies as NY traders enter for the trading day

Discussion in 'Market News' started by ForexLive, Nov 3, 2015.

  1. ForexLive

    ForexLive Forum Member

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    November 3, 2015 As NY traders enter for the trading day, the strongest currency is the AUD, while the weakest is the NZD. The RBA kept rates unchanged at 2.0%. They acknowledged that economic activity had firmed "a little over recent months", but that the "outlook for inflation may afford scope for further easing of policy". The AUDUSD rallied through trend line, the 200 hour MA and 50% retracement at the 0.7162 to 0.7178, but ran into sellers near topside trend line. The price has rotated back down to test the key 200 hour MA currently (and 50% - see chart below).

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