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informedtrades informedtrades EURAUD, D, Short ,
EURAUD: Fading Glenn Stevens' Comments as EURAUD Hits Resistance
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EURAUD, D Short
Fading Glenn Stevens' Comments as EURAUD Hits Resistance

Glenn Stevens of the Reserve Bank of Australia made some comments favoring a weaker Australian dollar that presumably contributed to a decline in AUDUSD. Of course, central banks talking down their own currencies in the wake of the 2008 financial crisis is nothing new. And while it may have created a noticeable short-term effect, I think it will hardly be ...

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