Yesterday if you where trading or at least watching AUD pairs, was a pretty intense day. Aussie plunged 95 pips in just 4 minutes after some comments from RBA governor Stevens hit the market. RBA's Stevens said that Australia needs AUD/USD closer to an 0.8500 exchange rate. Basically this was an aggressive verbal intervention from RBA governor who said that lower aussie is preferable to rates to help the economy.
The only reason why he wants lower aussie is so he doesn't need to lower rates agai…
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