The Strength of AUD

Trading Discussion
1

What could have been the catalyst for the strength AUD had at the end of last week?

2

As soon as the Usd news came out , aud started the uptrend (no reason at all) was watching at that time. It will correct by the end of this week.

3

thanks very much. I thought there was some kind of news that triggered it (though I didn’t find any). And I perceive alot of volatility this week.

4

You should check out Pip Diddy’s weekly FX recaps. Here’s last week’s post: Top Market Movers of the Week (Oct. 9-13, 2017) - BabyPips.com. Last week, the weak Dollar and improving gold price may have lifted the Aussie, as well as some positive Chinese data that included money supply and new loans data.