AUD/USD to be driven by offshore events – ANZ

FXStreet (Barcelona) - According to ANZ, the AUD/USD pair will be driven by Chinese data as well as the ECB meeting this week.

Key Quotes

“The AUD remained relatively resilient, despite a stronger USD trend, however the move was simply driven by positioning adjustment with little fresh news to drive the currency. This week the AUD will be driven by offshore events. The China data will be of interest, but the decision from the ECB will be the key.”

“Expected range: 0.8090 – 0.8310”