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AUD/USD Risk towards 0.78 multi week - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In respect of the Aussie, analysts at Wespac explained that the 120k surge in jobs in Oct-Nov is looking even more like statistical noise, being followed by a net -7k over summer.

    Key Quotes:

    "A soft reading would come ahead of what should be muted Q1 inflation data on 27/4, keeping markets pondering a resumption of RBA easing. But our base case remains no RBA easing, while USD is likely to continue to be restrained by Fed chair Yellen’s dovish tone. Risks are still towards AUD/USD0.78 multi-week."
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