Ok, pithy headline I know but a boy’s got to do something to keep himself amused
AUDUSD has posted 8 week lows of 0.8622 this morning after continuing declines in the price of iron ore has put the skids under the rally that yesterday got a helping hand back down from 0.8750 by RBA gov Glenn Stevens
Expect 0.8650 to be pivotal now but with decent demand into 0.8600-20 noted should we fall again from the current levels of 0.8641
GBPAUD buying also providing some additional AUD weakness this session since the MPC Minutes
