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7 Oct 2013
Flash: AUD/USD prospects look positive – OCBC Bank
FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank, suggests that the September labor market numbers are due on Thursday and with Sydney away for a long weekend, expect the pair to remain a function of broader dollar developments.
Key Quotes
“In the current dollar environment, we are also growing slightly more sanguine towards positive AUD/USD prospects although we caution that this view may be hampered by any negative growth-related headlines in the coming sessions (note the IMF/WB/G20 meetings this week).”
“In the near term, expect a 0.9400-0.9500 zone to persist pending further cues.”
Key Quotes
“In the current dollar environment, we are also growing slightly more sanguine towards positive AUD/USD prospects although we caution that this view may be hampered by any negative growth-related headlines in the coming sessions (note the IMF/WB/G20 meetings this week).”
“In the near term, expect a 0.9400-0.9500 zone to persist pending further cues.”