18 Feb 2015
AUD/USD range-play expected near-term – OCBC
FXStreet (Barcelona) - Emmanuel Ng of OCBC Bank, gives the outlook for AUD/USD, while commenting on RBA’s recent rhetoric that pressure on the currency from rate cut was a “good thing”.
Key Quotes
“The RBA is still at it with the central bank’s Edwards stating that pressure on the currency from interest rate reductions is a “good thing”.”
“Note however that RBA meeting minutes released early Tuesday quelled expectations for another cut in March, with the minutes revealing an internal debate on a cut either in February or March.”
“Expect markets to trade on a more supported tone in the near term within a broad 0.7630-0.7940 range pending further cues.”
Key Quotes
“The RBA is still at it with the central bank’s Edwards stating that pressure on the currency from interest rate reductions is a “good thing”.”
“Note however that RBA meeting minutes released early Tuesday quelled expectations for another cut in March, with the minutes revealing an internal debate on a cut either in February or March.”
“Expect markets to trade on a more supported tone in the near term within a broad 0.7630-0.7940 range pending further cues.”