AUD/USD recovered from a healthy sell off early in the US session after hawkish Fed-speak and strong US data prompted fears of Fed hikes long before the market expected. That was before the dovish comments from NY Fed president Dudley totally harshed the market’s buzz…
AUD/USD’s rally did not quit until coming within a mere 13 pips of 1.0400. We are consolidating now at 1.0377 as stocks continue their climb and investors pile into carry trades, chief among them AUD/JPY…
