Forex Flash: AUD biggest mover today – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the biggest mover in FX markets today has been the Australian dollar, falling as retail sales data disappoint and despite a firmer tone to commodities, equities and risk appetite.

He notes that the 200-day moving average is attracting attention, having been breached briefly. I would look at a break of 1.03 in AUD/USD as more significant, opening the way for a move towards parity.