Back
31 Mar 2015
AUD/USD pressured towards 0.7600 – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that soft commodities and the economic malaise will keep AUD/USD pressured towards 0.7600.
Key Quotes
“February private sector credit numbers this morning were flat to softer than expected and the aussie may continue to feel the heat from generalized economic malaise and with the drag from the commodity complex compounding matters. At this juncture, the temptation towards 0.7600 remains visible.”
Key Quotes
“February private sector credit numbers this morning were flat to softer than expected and the aussie may continue to feel the heat from generalized economic malaise and with the drag from the commodity complex compounding matters. At this juncture, the temptation towards 0.7600 remains visible.”