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AUD/USD: pressing higher - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at ANZ noted that AUD/USD pushed back above USD0.72 as global sentiment continued to improve.

    Key Quotes:

    "The rise mirrored a more positive session for stocks, and a strong rally in industrial commodities. That said, the move was not driven by fundamentals. RBA Governor Stevens delivered a speech on the long term which had a relatively dour tone, while iron ore prices continued to slide, bucking the broader commodity trend. The CAPEX survey later this week remains the key domestic event."
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