The Reserve Bank of Australia has been spotted again on the bid in AUD/USD. They are not trying to be subtle, bidding on the Reuters Matching System to let dealers know exactly what they are doing. Even if they are only buying small amounts (which I’m not sure about) they are making a public protest over Aussie weakness which should limit spec selling, if nothing else.
AUD/USD changes hands now at 0.6160, about 1 cent above session lows.
