AUDUSD Readies for RBA, EURUSD Realigns with Risk Trends February 6 2012 8:10 EST

We ended Friday with a strong signal of continuation for risk appetite trends with a Dow Jones Industrial Average and AUDUSD push to new highs. However, there was no immediate sign that this push has reaffirmed the effort to build risky positions as the the markets lingered at their relative highs. A notable deviation was seen in EURUSD and other European currencies (having initially fell into a risk aversion theme), but that was quickly corrected. Now we wait for a resolution to risk trends as well as the RBA rate decision's impact on the Australian dollar.







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