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AUDUSD on a 2nd day decline after monetary policy minutes

After the Bank of Australia released its monetary policy minutes yesterday during Asian Session AUDUSD dropped and it continued to drop today in US Session also. Because Bank of Australia mentioned in the statement that bank would neither close off the possibility of reducing rates further nor signal an imminent intention to reduce rated further. Investors took it as a signal that they favor a lower currency and they are going to continue decreasing interest rates. Now there will be a huge move when FOMC meeting minutes going to be released tomorrow. I still think that Fed is not going to start tapering this September, it will start earlier 2014. So probably AUDUSD is going to move up tomorrow after the news, although it all depend on investors how they react to the news. Let’s see what happens tomorrow.