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AUD/USD: China cuts short-lived - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at ANZ noted the conditions surrounding AUD/USD.

    Key Quotes:

    "The AUD ended the week on a relatively soft tone. A sharp rally after the PBoC in China cut rates was very short-lived and the AUD pushed back towards its week lows alongside commodity prices. This week a softer CPI could stoke heightened rate cut expectations, however, international central bank meetings will set the broader tone for the AUD.

    Expected range: 0.7180 – 0.7240"
    For more information, read our latest forex news.
     

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