WWM - Analytics

    WWM

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    AUD/USD Trades Narrow Range Below 0.7800

     

    AUD.3.27 resized 600

    Chart: WorldWideMarkets Alpha Trader

    The Australian Dollar has been confined to a narrow 31 pip range of 0.7807 - 0.7776 in Europe as the Aussie continued to suffer on the back of a 4% fall in iron ore futures combined with the firmness of the US dollar.

    Focus later in the US session would be Fed's Yellen press confernce scheduled at 14:00 GMT.

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