9 Apr 2014
AUD eyes on Chinese data - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that AUD eyes will be focused on Chinese data tomorrow.
Key Quotes
“The AUD/USD’s continued buoyancy has become seemingly unfettered with the recent consolidation nothing short of shallow.”
“In the near term, our objective at 0.9405 (original 06 Feb 14 spot ref: 0.8910) remains in play although we note however looming event risks from the Chinese data stream tomorrow.”
Key Quotes
“The AUD/USD’s continued buoyancy has become seemingly unfettered with the recent consolidation nothing short of shallow.”
“In the near term, our objective at 0.9405 (original 06 Feb 14 spot ref: 0.8910) remains in play although we note however looming event risks from the Chinese data stream tomorrow.”