26 Nov 2015
AUD/USD points to 0.72-0.73 near-term – OCBC
FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the Aussie dollar trading in a 0.72-0.73 range vs. the greenback in the short-term.
Key Quotes
“The AUD-USD stumbled lower early Thursday on a disappointing 3Q capital expenditure print (-9.2%) with a 0.7200-0.7300 range expected to prevail in the near term”.
“As alluded to above, risk-sensitive currencies like the AUD may garner marginal support in the current environment of sanguine risk appetite levels”.
Key Quotes
“The AUD-USD stumbled lower early Thursday on a disappointing 3Q capital expenditure print (-9.2%) with a 0.7200-0.7300 range expected to prevail in the near term”.
“As alluded to above, risk-sensitive currencies like the AUD may garner marginal support in the current environment of sanguine risk appetite levels”.