AUD: May be heavy on Monday morning after Chinese data
- Chinese trade data showed a marked reduction in activity and this could give the bears another reason to sell AUD on Monday morning (as if they need another one!).
- EUR/AUD rose by 600 pips last week on the back of one big buy order.
- AUD/USD has stalled at .9430 on two occasions and there were reports that a particularly powerful Asian central bank was buying there.
- AUD/JPY continues to get hammered but some of the big Japanese investors were noted buyers on Friday afternoon blow 91.00.