FXstreet.com (Barcelona) - Following Lowe’s speech yesterday, NAB Strategists suspect that, if anything, "the money market may slightly lift the chances of a Melbourne Cup day rate cut." AUD/USD, for the time being, stays locked in a familiar 1.03-1.04 range, and NAB doubts "either edge is likely to be challenged today."
Forex Flash: AUD/USD 1.03-1.04 edges unlikely to be challenged today - NAB
Wed, Oct 31 2012, 02:39 GMT | FXstreet.com
AUD/USD May 25 at 10:20 GMT
0.9672/78 (0.23%)
H0.9675 L 0.9648
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
