AUD Update – FXWW Chatroom

WP.. Aud – The move above 0.7356 set the aud on a full steam course to target 0.7500 until Atlanta Fed Lockhart made his comments that September would be an appropriate time to raise rates and aud reversed off 0.7429 highs to levels below 0.7375. Today we have a gravitational pull of some large expiries with aud 0.7300’s in aud 850m and in audjpy 91.00’s in aud 1.3bln that could drag the aud lower. Attention on the Employment data this evening with mkt on 10k and range -17k to +25k with unemployment rate ticking up to 6.1%. Then on to Friday Statement of Monetary Policy with lower growth forecasts. 

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