FXstreet.com (Barcelona) - The continued sell-off in US Treasury bonds, albeit modest, has not been an impediment for equities to resume upward tendencies. In view of NAB research team, "this hints that support for risk appetite is not wholly contingent upon hopes that the Fed will pull the trigger on additional quantitative easing (QE) as early as the mid-September FOMC meeting."
NAB adds that Thursday's data has failed to clear up the QE debate. AUD/USD rate remains confined to a 1.0480-1.0520 range, and on a day that completely lacks known local data or other news events, "we would doubt that either edge of this range will be seriously tested into the weekend" NAB adds.
NAB adds that Thursday's data has failed to clear up the QE debate. AUD/USD rate remains confined to a 1.0480-1.0520 range, and on a day that completely lacks known local data or other news events, "we would doubt that either edge of this range will be seriously tested into the weekend" NAB adds.
