FXstreet.com (Barcelona) - EUR/USD and AUD/USD are treading water in a comatose Asian session, pretty much where they were prior to Mr. Bernanke’s testimony. On the AUD/USD front, the NAB Research Team, continues to struggle to make the case for buying the currency at levels above 1.0300. Similarly, "in an environment where the Fed is seen as likely to more QE in coming months, USD/JPY is apt to remain pinned down and in which case AUD/JPY should struggle to extend gains here" NAB adds.
Forex Flash: Hard to make the case for buying AUD/USD above 1.03 - NAB
Wed, Jul 18 2012, 01:41 GMT | FXstreet.com
AUD/JPY May 19 at 19:28 GMT
100.34/52 (0.05%)
H100.49 L 100.05
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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.
