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13 Jun 2013
Flash: Increased risk aversion pressuring AUD/USD – NAB
FXstreet.com (New York) - The market did see an early-London AUD/USD squeeze higher (to 0.9564) that was helped by AUD/JPY demand and which looks to have been linked in part to news of a Japanese bid for Rio Tinto’s Australian coal unit.
However, according to the NAB Research Team, “The increased risk aversion as the session wore on ensured that gains were later given back (a big reversal in earlier EUR/AUD gains also relevant here) with the AUD/USD sitting back below 0.9500.”
However, according to the NAB Research Team, “The increased risk aversion as the session wore on ensured that gains were later given back (a big reversal in earlier EUR/AUD gains also relevant here) with the AUD/USD sitting back below 0.9500.”