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Aussie: risks to the downside - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at ANZ explained that the AUD finished the week with a slightly weaker tone despite a small bounce in iron ore prices.

    Key Quotes:

    "This week, risks are to the downside – we will watch the tone of the RBA and local GDP together with Chinese manufacturing activity and the US payrolls report.

    Expected range: 0.7090 – 0.7300


    The cross should begin to move lower this week as NZ domestic data (business confidence) make a December rate cut less likely.

    Expected range: 1.0940 – 1.1060"
    For more information, read our latest forex news.

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