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AUD/USD: will trade on global sentiment and commodities - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at ANZ explained that Easter was marked by a general firming in the USD, driven by Q4 GDP and further hawkish remarks by Fed speakers.

    Key Quotes:

    "However, last night’s personal consumption report saw some of this USD strength unwind.

    The AUD will continue to trade with global sentiment and commodities. Overnight, Yellen’s speech is the main event, while key data risk is up later this week with US Payrolls, ISMs, and global PMI results. All of these could drive added volatility."
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