AUD/USD: Buyers emerge at .9450

04/10/2011 | 03:48 GMT

Strong bids reported now at .9450, although we stopped just shy of testing that level. Currently trading at .9485 and sentiment remains moderately bearish after the RBA statement. The language was on the cautious side but the market had already priced in a rate cut, possibly on Melbourne Cup day (first Tuesday in November).

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