DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

Is the AUD vulnerable to a rebound from the US dollar?

Written by Sam Coxhead on December 14th, 2012.      0 comments

3:05 PM (NZT) It has been a mixed week for this pairing. The US dollar has endured periods of intense downside pressure and this eased the way for the AUD to set surprising highs on the week. Increasing speculation about further easing to the 3.00% cash rate from the RBA in early 2013 has helped stem the AUD appreciation. Other risk assets also look lethargic at currents levels, so this will add to the AUD vulnerability. Next week’s price action will predominantly driven the progress of talks between President Obama and the Republicans on the fiscal situation. The RBA monetary policy meeting minutes will also be of focus. It appears that the current levels could well prove to have offered good value buying of USD with Australian when looking back in a few weeks time.
 
The current interbank midrate is:                                                  AUDUSD  1.0530
                                                                                         
The interbank range so far this week to date has been:       AUDUSD 1.0467 – 1.0573
Topics: AUD USD
 

Comments