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15 May 2015
AUD/USD rebounds and trims losses
FXStreet (Córdoba) - AUD/USD bounced to the upside amid a weak US dollar across the board. The pair bottomed at 0.7999 but then rebounded and recently reached a session high at 0.8058.
The aussie trades above 0.8050, holding a bullish tone in the short term. Greenback fell in the market after the release of disappointing economic data from the US.
AUD/USD keeps recovering
Despite falling for the second day in a row AUD/USD is still headed toward the sixth weekly gain in a row as it trades 140 pips above the level it had a week ago, but far from yesterday’s highs located at 0.8162.
The pair continues to recover from multi-year lows and is about to post the first weekly close above 0.8000 since January.
The aussie trades above 0.8050, holding a bullish tone in the short term. Greenback fell in the market after the release of disappointing economic data from the US.
AUD/USD keeps recovering
Despite falling for the second day in a row AUD/USD is still headed toward the sixth weekly gain in a row as it trades 140 pips above the level it had a week ago, but far from yesterday’s highs located at 0.8162.
The pair continues to recover from multi-year lows and is about to post the first weekly close above 0.8000 since January.