FXstreet.com (Barcelona) - AUD/USD has bee pushing back to 1.0230 in the Sydney morning after consolidating throughout the American session. According to Sean Callow, FX Strategist at Westpac, "AUD/USD should be able to avoid a test of the early Sep lows just under 1.0170 if today’s domestic data is close to expectations." The Analyst adds that "markets are pricing an 80% chance of a Nov cut, which seems about right, extending to -34bp by year end, which is probably too aggressive."
Forex Flash: AUD/USD risk to test Sept lows on bad Aus data - Westpac
Thu, Oct 04 2012, 00:22 GMT | FXstreet.com
AUD/USD May 21 at 17:02 GMT
0.9838/40 (0.30%)
H0.9843 L 0.9751
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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.
