- Sellers 0.8970 up to 0.9000, stop loss buyers mingled in above 0.8980
- Buyers 0.8925/35 (close to market)
- Buyers at 0.8900/10 (large amounts), stop losses below 0.8900
I’ve mentioned twice this morning already the potential risk from the Australian government’s Mid-Year Economic and Fiscal Outlook, due for release today, which is some sort of action from the ratings agencies in the face of a steadily deteriorating budget position. And I’m not talking about an upgrade … Any downgrade suggestions is going to see those bids circa 0.8900 filled quicker than a turkey cavity on Christmas Day (or Thanksgiving if your in the US/Canada).
