Australian dollar grinds a bit lower but market mostly quiet via ForexLive

There's not much trading left this week and markets are more-or-less quiet.

The dollar remains near the best levels of US trading against the euro, pound and yen. Versus the commodity currencies, it's at the best levels since the Chinese rate cut.

Like other assets, the Australian dollar is giving back the post-cut enthusiasm as it flirts with the 61.8% retracement.

AUDUSD intraday since PBOC cuts

posted via ForexLive