22 Jan 2014
Flash: AUD/USD above 0.8850 again - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that following the latest CPI numbers, AUD/USD is back above 0.8850 again.
Key Quotes
"The toastier than expected 4Q CPI numbers (with the core readings also higher than expected) early this morning blipped the AUD/USD back above 0.8850 while also shaving market implied odds of a potential RBA rate cut going ahead.”
“In the interim, expect the pair to remain trapped in a 0.8800-0.8900 range."
Key Quotes
"The toastier than expected 4Q CPI numbers (with the core readings also higher than expected) early this morning blipped the AUD/USD back above 0.8850 while also shaving market implied odds of a potential RBA rate cut going ahead.”
“In the interim, expect the pair to remain trapped in a 0.8800-0.8900 range."