Mar 7, 2013
Forex Flash: Price action is more about position adjusting than the news stream - BBH
News that S&P was changing its rating outlook for Portugal from negative to stable may have helped spur some euro buying, says the BBH team. "However, the wider-than-expected Australian trade deficit (A$1.057 bln vs. consensus of A$500 mln) did not stand in the way of the Australian dollar's recovery", they comment.
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