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30 Nov 2015
Aussie: risks to the downside - ANZ
FXStreet (Guatemala) - Analysts at ANZ explained that the AUD finished the week with a slightly weaker tone despite a small bounce in iron ore prices.
Key Quotes:
"This week, risks are to the downside – we will watch the tone of the RBA and local GDP together with Chinese manufacturing activity and the US payrolls report.
Expected range: 0.7090 – 0.7300
AUD/NZD: REVERSAL...
The cross should begin to move lower this week as NZ domestic data (business confidence) make a December rate cut less likely.
Expected range: 1.0940 – 1.1060"
Key Quotes:
"This week, risks are to the downside – we will watch the tone of the RBA and local GDP together with Chinese manufacturing activity and the US payrolls report.
Expected range: 0.7090 – 0.7300
AUD/NZD: REVERSAL...
The cross should begin to move lower this week as NZ domestic data (business confidence) make a December rate cut less likely.
Expected range: 1.0940 – 1.1060"