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6 Aug 2014
AUD/USD should settle into slightly lower ranges - Westpac.
FXStreet (Bali) - AUD/USD should settle into slightly lower ranges, say 0.9250/70 to 0.9380/0.9400, notes Westpac.
Key Quotes
"The RBA remains firmly neutral though pricing on the cash rate is likely to linger near its current -5bp by Dec14. The gaping Jun trade deficit has stoked questions of where will growth come from in Q2 GDP but confidence seems to have improved somewhat so there is no alarm at the RBA."
"Thu’s jobs data is a lottery as usual though we look for a softer reading. The quiet US calendar and geopolitical concerns keeping a lid on US treasury yields take some steam out of long USD plays. AUD/USD should settle into slightly lower ranges, say 0.9250/70 to 0.9380/0.9400."
Key Quotes
"The RBA remains firmly neutral though pricing on the cash rate is likely to linger near its current -5bp by Dec14. The gaping Jun trade deficit has stoked questions of where will growth come from in Q2 GDP but confidence seems to have improved somewhat so there is no alarm at the RBA."
"Thu’s jobs data is a lottery as usual though we look for a softer reading. The quiet US calendar and geopolitical concerns keeping a lid on US treasury yields take some steam out of long USD plays. AUD/USD should settle into slightly lower ranges, say 0.9250/70 to 0.9380/0.9400."