Earlier today, the Reserve Bank of Australia released the minutes from its February 7th meeting which showed that the central bank stands ready to consider an interest rate cut if conditions warrant given the inflationary outlook. News of possible additional easing, even perhaps well into the medium term, was enough to knock the Aussie Dollar down from its recent highs after getting initial support from the positive outcome of the Greek debt deal. On the OpenBook, the AUD/USD is trading lower at 1.0671, and a bearish sentiment dominates. Guru pyruss scalped a short position a while ago with a 2.30% return, and expecting a bounce earlier placed two orders to sell the pair at 1.0730 and 1.0705. Read more
Forex