AUD Weekly Market Watch 17/02/2014

Last week recap EUR/USD continued advancing last week as Janet Yellen made her first appearance as the Fed’s chair, testifying before Congress, and better than expected GDP data out of the Eurozone. The week began with the pair trading higher despite French Industrial Production declining -0.3% m/m, versus -0.1% expected. The rate then consolidated at a lower level on Tuesday after Janet Yellen appeared before Congress, in which she testified, “The unemployment rate is still well above levels



Read More http://ift.tt/1gRVqL7