Big day ahead for the Aussie with plenty of data, including the
RBA rate statement at 04:30 GMT. AUD/USD is last trading at 1.0249, off fresh session lows printed in early NY trade at key support level 1.0222. The pair is down -0.68% for the week so far, with "Big hedge funds were sellers again in overnight trade,”
reported FXWW founder Sean Lee. “Some of the big macro funds have been consistently selling AUD/USD over the last few months,” he adds. “Looks like they are getting more confident that a rate cut is coming!," says Sean.
