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Why the Aussie Dollar's looking interesting
Saxo Bank traders are seeing "interesting" developments in the Aussie Dollar. Earlier, the Reserve Bank of Australia, as expected, cut interest rates. But it disappointed some investors who were hoping it would give more hints of future monetary easing. As a result, the Aussie dollar has risen, although it's a struggle to trade through the 90 level.
The British pound is also in focus. The Bank of England's new governor, Mark Carney, is expected to give future guidance on policy along with a major inflation report on Wednesday. Saxo traders are seeing a great deal of volatility in Cable as the markets await what's about to be announced.
01:27 minutes
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