Forex Flash: AUD/USD strength to endure – NAB

FXstreet.com (Barcelona) - With a few exceptions mostly in agriculture (corn, wheat and soybeans, but also natural gas) commodity markets are showing across-the-board strength. Nymex and Brent crude are both up just over a dollar, industrial metals up 0.5% on average and precious metals up by between 0.8% (gold) and 2.4% (silver).

"For the AUD today, the overnight high of 1.0524 should hold the topside though we'd expect dips to prove shallow. The caveat is that if liquidity remains as poor as it was on Wednesday, bigger moves are possible on anything more than small-scale order flow." writes the NAB Research Team.