Flash: AUD/USD, 92 cents may represents top of the range - ANZ

FXStreet (Bali) - According to Daniel Been, FX Strategist t ANZ, domestic growth dynamics need to continue surprising positively for the AUD to maintain upward momentum.

Key Quotes

"Going forward, data needs to continue improving in order to maintain the AUD at current levels. We think 92 cents represents the top of the range for the AUD/USD given that the external environment is unlikely to become particularly supportive any time soon."

Mar 13, 2014

Chinese Premier Li reassures market debt risks under control

Chinese Premier Li Keqiang said the debt risks of the country are under control, adding they are looking to enhance further regulatory measures to control debt as well as strengthening the oversight of shadow banking. Li also said he will not allow systemic risks from any business defaults, while reassuring China will maintain a stable environment for economic growth.

Baca lagi Previous

Mar 13, 2014

Flash: Bar very high for a further RBA cut - RBS

Greg Gibbs, FX Strategist at RBS, defines the current AUD environment as a battle ground for a recent recovery in Australian domestic activity and higher financial risks in China.

Baca lagi Next