Back
22 Apr 2013
Forex Flash: Unless China flash PMI satisfies, AUD/USD may probe 1.0150/1.02 - Westpac
FXstreet.com (Barcelona) - According to Westpac strategists, the stabilization in gold prices is temporarily buoying in the Aussie, however, the bank does not ignore the bigger picture, saying that "base metals remain fragile..."
"Unless today's China Apr flash PMI is well above forecasts, the Aussie looks set to probe 1.0150/1.0200 over the week", adding that "muted CPI data should reinforce pricing for RBA easing." The banks remains short AUD/NZD.
"Unless today's China Apr flash PMI is well above forecasts, the Aussie looks set to probe 1.0150/1.0200 over the week", adding that "muted CPI data should reinforce pricing for RBA easing." The banks remains short AUD/NZD.