FXstreet.com (San Francisco) - According to NAB in its daily outlook for currencies: “Weekend developments that could add to market nervousness and risk-averse upward pressure on the USD include the absence of a RRR cut from the PBoC at the weekend (albeit speculation of a cut was - unusually - not rife on Friday) and a new WSJ/NBC poll indicating that, among likely voters, Obama and Romney are now neck and neck on 47% each.”
NAB on AUD: “For the AUD this week, after another ‘failure’ above 1.04 last week, the likelihood of some further ‘risk-off’ USD strength early this week and AUD specific weakness … we look for the 1.03 level to be tested and broken early week, paving the way for a new lower trading range.”
NAB on AUD: “For the AUD this week, after another ‘failure’ above 1.04 last week, the likelihood of some further ‘risk-off’ USD strength early this week and AUD specific weakness … we look for the 1.03 level to be tested and broken early week, paving the way for a new lower trading range.”
