Traders relay talk in the market that the Reserve Bank of Australia is selling AUD/USD near 0.8000. We’ve been hearing of resting offers in AUD at the0. 8000 level but had not previously heard of the RBA angle. Prices slumped to 0.7965 quickly from the 0.80 area.
My guess is they EUR/USD selling from the US investment house may have been spurred by RBA action in AUD…Just a hairy-bottomed guess….
Dollar bulls will take heart in all the USD buying by high proile central banks in recent days…
