15 Jul 2014
AUD/USD to be anchored circa 0.94 - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, expects AUD/USD to continue to be anchored around 0.9400 short term.
Key Quotes
"This morning, the RBA meeting minutes failed to rock the boat materially and the pair may continue to be anchored around 0.9400 within a 0.9350-0.9450 range with the Chinese data stream the next possible source of volatility. Late Tuesday, look also to NZ 2Q CPI readings for NZD cues while we continue to prefer a heavy AUD-NZD in the interim."
Key Quotes
"This morning, the RBA meeting minutes failed to rock the boat materially and the pair may continue to be anchored around 0.9400 within a 0.9350-0.9450 range with the Chinese data stream the next possible source of volatility. Late Tuesday, look also to NZ 2Q CPI readings for NZD cues while we continue to prefer a heavy AUD-NZD in the interim."