AUD/USD Down Nearly 1%

Australia's dollar is down nearly 1 percent Wednesday. The AUD/USD is trading at 0.8084, down 0.0077. The pair drifted down after the BOC rate cut and moved lower yet again after generalized economic comments by various global policy makers on Wednesday. Chatter persists about the Australian Central Bank meeting in early February. Other market talk is that Forex traders and investors seem skittish with regards to central bank action or inaction since the surprise move by the SNB. Choppy trading and erratic moves are likely to continue.