Gold’s fresh rally has further enlivened already brisk trade in the commodity surrencies but gold has been unable to overcome barriers at the 0.8900 level. Protection from an Asian central bank is rumored ahead of the exotic option trigger. There is plenty of interest to buy AUD on bids, given its widening interest rate differential over the low-yielders. Small bids are seen from day traders at 0.8865.
Bids from more medium-term players are eyed below 0.8800.
