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AUD reacts late to news of mining-tax deal; no sign of sellers
AUD reacts late to news of mining-tax deal; no sign of sellers
The AUD/USD has jumped 25 pips in the last few minutes and it seems the market is reacting late to the news of the mining tax deal which Jamie mentioned earlier. I’m guessing that there were some trailing stops above .8460 as that is where the market had expected the big offers to be.
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