AUD: Driven by relative interest rates and commodities - Westpac

Sandeep Kanihama FXStreet Contributor

In view of Sean Callow, Research Analyst at Westpac, AUD looks to be driven by the more traditional factors of relative interest rates and commodities.

Key Quotes

“Risk aversion has placed pressure on lingering AUD longs. But the global mood is a little calmer (the Korean won has steadied) and Australia’s Q1 CPI data (Wed) should see further trimming of rate cut pricing. Along with the prospect of iron ore prices stabilizing soon, the AUD/USD outlook may not be especially bullish, but it is probably at the lower end of its Q2 trading range.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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