Forex Flash: Will a risk-supportive FOMC send AUD/USD back to 1.05? - NAB
Forex pairs in this Article »
AUD/USD
FXstreet.com (Barcelona) - The next risk event will be today's FOMC meeting in the US, with the market eager to gauge the next clues over the longevity of the current ($85bn per month) QE programme.
According to NAB, "if this prove risk-supportive, then this could see AUDUSD move back to test 1.05 (i.e., back to the middle of an effective 1.04-1.06 range)." The bank adds that "this is notwithstanding the bigger thematic now playing out whereby previous 'AAA demand' for AUD (and CAD) is being usurped by demand for EUR financial assets."
According to NAB, "if this prove risk-supportive, then this could see AUDUSD move back to test 1.05 (i.e., back to the middle of an effective 1.04-1.06 range)." The bank adds that "this is notwithstanding the bigger thematic now playing out whereby previous 'AAA demand' for AUD (and CAD) is being usurped by demand for EUR financial assets."
Free Annual Reports
