Fiscal Cliff spectre remains overriding theme
Wednesday, 14 November 2012, 6:04 pm
Press Release: CMC Markets
15.25 AEDT, Wednesday 14 November 2012
spectre remains overriding theme
By Tim Waterer (Senior
Trader, CMC Markets)
The Australian Dollar found support
today via the 19 month high reading on Consumer sentiment.
The AUDUSD made its way to 1.0450, with calmer conditions
across Asian markets today supporting the risk-sensitive
Aussie. Today’s Consumer sentiment reading was nearly the
polar opposite to yesterday’s Business Confidence
indicator, and overall it is still tough to gauge where we
at in terms of another potential RBA cut over coming months.
I suspect that the international picture will be the
deciding factor here.