Just wondering why AUD will drop after the release of NFP?
Generally speaking, AUD should increase, since NFP is lower than expected.
Just wondering why AUD will drop after the release of NFP?
Generally speaking, AUD should increase, since NFP is lower than expected.
Simple - the money decided to dump Aussie short term long position prior weeks close.
They smelled a rat / couldn’t justify their stance - failure to push the Aussie past c10400 gave the money a sell signal.
EUR/AUD was heavily bid, too.
AUD fall against USD