AUD/USD is on the mend as rumors of RBA intervention die down. Dealers are blaming the rumors on UK bank…AUD has rebounded to 0.7985 from 0.7950. Resting offers are seen at the 0.800 level, we’ve learned, but now the market may be short and could push higher as the rumors are dismissed.
EUR/USD is rebouning as well after holding supoport at the 1.3890 level. Firm US equities are helping. The S&P is firmly back above 900, up 0.7% on the day. EUR/USD trades at 1.3935.
