Bell FX Currency Outlook: The AUD is trading back below USD0.9400 this morning after a fairly subdued session overnight
Bell FX Currency Outlook: The AUD is trading back below USD0.9400 this morning after a fairly subdued session overnight. The USD was lower against most of its major counterparts on Monday, weighed down by the view that the Federal Reserve is in no rush to scale back its bond-buying program. Speaking overnight were two Fed Presidents with opposite views, only one a current voter, New York President William Dudley who had the more dovish tone of the two. Speaking about the Fed's policy settings he noted that it's important not to remove policy support, especially when the recovery is fragile and the tools available to monetary policy, should the economy falter, are limited given the short-term interest rates are at zero. Today's Forecast Range USD: 0.9335 - 0.9410
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