5 Mar 2015
AUD/USD supported by 0.7800 – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, notes that AUD/USD will continue to remain in the 0.7700-0.7900 range, remaining neutral on the pair.
Key Quotes
“Dovish comments from the RBA’s Lowe this morning (“further easing may be appropriate in the period ahead”) in Asia may continue to take the shine of the AUD.”
“In addition, China lowering its economic forecast to “about 7%” was largely expected but nevertheless may keep investors slightly guarded with respect to the AUD.”
“We remain largely neutral on the pair in the near term, with 0.7800 still serving as an anchor within a 0.7700-0.7900 range.”
Key Quotes
“Dovish comments from the RBA’s Lowe this morning (“further easing may be appropriate in the period ahead”) in Asia may continue to take the shine of the AUD.”
“In addition, China lowering its economic forecast to “about 7%” was largely expected but nevertheless may keep investors slightly guarded with respect to the AUD.”
“We remain largely neutral on the pair in the near term, with 0.7800 still serving as an anchor within a 0.7700-0.7900 range.”