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22 Apr 2015
Remaining constructive on AUD/USD post CPI release – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, maintains a near-term positive outlook on AUD/USD as Australian CPI release gives support to the pair.
Key Quotes
“The 1Q CPI numbers came in slightly warmer than expected (trimmed mean +2.3% yoy from 2.2% prev) pushed the AUD-USD higher past 0.7750, potentially setting the tone for the session before further cues from LDN/NY. We remain mildly constructive on the pair in the near term, especially with global risk appetite levels entrenched in Risk-Neutral territory.”
Key Quotes
“The 1Q CPI numbers came in slightly warmer than expected (trimmed mean +2.3% yoy from 2.2% prev) pushed the AUD-USD higher past 0.7750, potentially setting the tone for the session before further cues from LDN/NY. We remain mildly constructive on the pair in the near term, especially with global risk appetite levels entrenched in Risk-Neutral territory.”