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AUD/USD Slides Below Parity Despite China’s RRR Reduction

posted by Avatar FXTimes 373 days ago in USD, AUD, Technical made popular 373 days ago

There was no double bottom attempt in the AUD/USD as the market continues to slide now below parity, and nearing 0.9950 in the 5/14 US session. China cutting its Reserve Ratio Requirement by 50 basis points to 20% was a possible risk-on move and the AUD would have gotten a boost because it is a major trading partner of China’s...
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