Bell FX: The AUD has moved above US 0.9100 in preparation for key American economic data releases. The RBA looks to be quite comfortably on hold here and...
Bell FX: The AUD has moved above US 0.9100 in preparation for key American economic data releases. The RBA looks to be quite comfortably on hold here and should be for many months to come, even though the meeting minutes in two weeks' time are highly likely to show that the Board is not willing to shut off the possibility of reducing rates again. There was not much out in Europe save for a strong UK construction PMI and which helped keep GBP aloft. The more interesting move in currencies has been further strength in the NZD and which has seen the AUD/NZD cross push down to a new post-Q4 2008 low of 1.1053. Today's Forecast Range USD: 0.9100 - 0.9175
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 topic
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
This recently triggered market signal has never failed to predict gains
Ophir Asset Management