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AUD/USD awaits FOMC minutes - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained conditions surrounding AUD/USD.

    Key Quotes:

    "Domestically, the outlook for policy remains biased to easing, with OIS pricing a roughly 95% chance of a 25bpt rate cut over the next 12 months.

    We see an elevated risk to AUD and risk assets in general as we look to the coming release of Fed minutes, providing for a potential retracement of the recent AUD rally."
    For more information, read our latest forex news.
     

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