FXstreet.com (Barcelona) - After falling around 130 pips in the last two hours, the Aussie has lost the 0.8300 level against the Greenback. Since the beginning of the American session, AUD/USD has capped its recovery from 0.8345 at 0.8415, has broken MA200 level at 0.8360 and has fallen below 0.8300 to post 0.8281 as fresh intra-week low.
Aussie continues, thus, with its declines from 0.8460 reached yesterday's late American session.
According to Andrew Wilkinson, senior analyst at Interactive Brokers, Aussie is setback on the back of RBA relaxes: The disappointment after the RBA stated that monetary policy was set appropriately for now sent bond prices up and the local dollar down. It appears that the RBA rationale perhaps senses that those chasing a higher Aussie dollar have put the cart before the horse. The story has shifted today away from the signs of economic recovery to the remedial measures necessary to mend the balance sheets of financial institutions. Without less stress on the Australian financial systems balance sheet, the recovery will not be prolonged nor can it take hold seemed to be the message from the RBA's statement today.
Risk aversion has turned back, Wall Street is declining today's session, gold is sliding and Oil has dropped 1.60% so far today to 68.85.