September 19, 2012
There weren’t much in terms of economic data for the Aussie yesterday, yet the currency still exhibited a lot of movement. It opened up the day at 1.0474, fell to an intraday low at 1.0410, and then closed the U.S. trading session at 1.0453.
Earlier today, the MI Leading Index was released. It came in at 0.4%, slightly lower than the previous month’s 0.5%. Like in the past, the MI leading index didn’t have an impact on price action.
No major data scheduled for release for the rest of the day so don’t expect a lot of movement from AUD/USD. We may see some volatility on AUD/JPY though as the BOJ is set to announce its decision on monetary policy later in the session.
Last edited by Pipcrawler; 09-18-2012 at 11:16 PM.
"The only cable I watch is the pound baby."