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AUD/USD: grinding higher - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at ANZ offered their outlook for AUD/USD.

    Key Quotes:

    "… The AUD continues to press higher as the USD remains broadly on the back foot. Oil recovered from early Monday losses and equity markets lifted, improving risk sentiment."

    "Today we have both the RBA Minutes and RBA Governor Glenn Stevens speaking, with the latter likely to be more important for the AUD.

    In addition, news that Australia is likely heading for a double dissolution election on 2 July may arrest some relative AUD strength."
    For more information, read our latest forex news.
     

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