11 Jan 2016
AUD/USD: pressured still on oil falling to new lows - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Aussie enjoyed some intraday demand against its American rival, and the AUD/USD pair advanced up to 0.7035, despite the ongoing risk environment, trimming.
Key Quotes:
"However, most of its daily gains in the American afternoon. Trading below the 0.7000 level, the Australian currency is being weighed by plummeting oil prices, with WTI futures posting fresh lows around $31.00 a barrel in the New York Comex."
Key Quotes:
"However, most of its daily gains in the American afternoon. Trading below the 0.7000 level, the Australian currency is being weighed by plummeting oil prices, with WTI futures posting fresh lows around $31.00 a barrel in the New York Comex."