What is moving the AUD/USD as I ahve not seen any new come out regarding the Australian Dollar today or Yesterday? Comments please on this move would be nice, ThanksA few possible reasons:
Good Chinese Flash PMI today
A small element of safe haven flows as AUD is still rated AAA
The yield differential is still good with IR @ 3%
The EURAUD cross is tanking, supporting the AUD
Having broken decisively above the 200ema, next stop looks like 1.0460 then 1.0480 and 1.05.