Epic Research Singapore :Forex Market Update

The Australian dollar AUDUSD +0.3236%  edged up to 89.61 U.S. cents from 89.27 U.S. cents late Thursday. But the slight rebound Friday was unable to dent the currency’s losses on Thursday, when Reserve Bank of Australia Gov. Glenn Stevens — who has repeatedly called for a weaker currency — mentioned that the bank would prefer a level around 85 U.S. cents.  

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