14 Oct 2013
Flash: AUD/USD may continue to shy away from the 0.9500 - OCBC
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, mentions that the AUD/USD may continue to shy away from the 0.9500 ceiling in the near term as markets remain on tenterhooks amid background US fiscal concerns and ahead of the deluge of Chinese data this week.
Key Quotes
“Look also to the RBA meeting minutes tomorrow for domestic cues. On the downside, initial support is expected into 0.9400 before the 0.9350 neighborhood.”
Key Quotes
“Look also to the RBA meeting minutes tomorrow for domestic cues. On the downside, initial support is expected into 0.9400 before the 0.9350 neighborhood.”