Dealers note buying of Aussie dollar this morning from US asset managers. Perhaps the repeated efforts by the RBA to stabilize the local dollar are prompting these managers to tip-toe back into the Aussie. A technical buy recommendation from Barclays may be helping as well. AUD trades at 0.6415 as 0.6350/60 support firms up.
Barclays also recommends buying cable, an unpopular trade at the moment, to be sure. Points for going against the grain to Barclays.
