5 Nov 2013
Flash: AUD supported ahead of RBA - OCBC
FXstreet.com (London) - Emmanuel Ng, strategist at OCBC said the AUD-USD was given an additional fillip.
Key Quotes:
“AUD-USD was given an additional fillip by better than expected September retail sales numbers and early Tuesday, the AiG services index also showed an improvement from the previous month”.
“Near term prospects for the pair will depend on the RBA meeting today and in the interim, the pair may remain trapped by a supportive dollar tone contrasting with a slightly rosier global economic landscape. A cozy 0.9400-0.9600 band may persist pending further cues”.
Key Quotes:
“AUD-USD was given an additional fillip by better than expected September retail sales numbers and early Tuesday, the AiG services index also showed an improvement from the previous month”.
“Near term prospects for the pair will depend on the RBA meeting today and in the interim, the pair may remain trapped by a supportive dollar tone contrasting with a slightly rosier global economic landscape. A cozy 0.9400-0.9600 band may persist pending further cues”.