Flash: Expect solid bids in the Aussie - RBS

FXstreet.com (Bali) - According to Greg Gibbs, FX Trading Strategist at RBS, there could be a possible correction in CAD and GBP trend depending on data later today, while AUD should be better bid.

Key Quotes

"Key event risk for GBP and CAD on Wednesday and Thursday. We see weaker CAD and stronger GBP trends, but are wary of possible corrections near term."

" AUD may see some further improvement relatively to other commodity currency and emerging markets as the CPI data is significantly higher than expected and alludes to the strong housing market and boost in tourism."

"Thoughts of rate cuts built in after the weak employment report last week should be washed away."