FXstreet.com (Barcelona) - AUD/USD is poised to slide further in the weeks to come as signs of global slowdown intensify, notes ANZ FX strategists. "We continue to favor the currency weaker over the coming weeks, as it eventually catches up with the global cycle and lower commodity prices. The realization that further quantitative easing in the U.S. may be some time away, given the overnight partials on consumption and other indicators such as the July employment report, may act to precipitate further decline."
Forex Flash: AUD/USD to extend slide over the next few weeks - ANZ
Wed, Aug 15 2012, 03:54 GMT | FXstreet.com
AUD/USD May 25 at 11:27 GMT
0.9672/78 (0.23%)
H0.9675 L 0.9648
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
