AUD/USD could grind lower towards 0.69 – OCBC

FXStreet (Edinburgh) - The Antipodean pair could slip towards the 0.69 handle in the near term,, according to FX Strategist at OCBC Bank Emmanuel Ng.

Key Quotes

“The global growth/inflation environment continues to remain less than constructive for the likes of the AUD”.

“At this juncture, the risk of the pair losing its foothold at 0.7000 and degenerating towards 0.6900 remains apparent ahead of the global PMIs on Thursday”.