FXStreet (Delhi) – Sean Callow, Research Analyst at Westpac, notes that the AUD/USD for one has not shown any weight from firming Fed hike expectations in recent days, rallying through 0.73 this week to print 6 week highs. Key Quotes “AUD looks to have found support from a growing pipeline of foreign companies merging with or acquiring Australian companies, EUR-funded carry trades and an unwinding of speculative short positions, especially those premised on further RBA rate cuts.” “The rise in AU yields particularly since the RBA’s steady hand on 3 Nov has been in stark contrast to yields on e.g. EUR, JPY, CHF and GBP. But there were some signs of fatigue for AUD/USD this week. Australia’s GDP report was mostly quite encouraging.” “Mining was the big negative over the year to Q3 15, but the worst is likely to be over on both private and public capex. Overall growth of 2.5% y/y is not bad in the face of the mining investment unwind and household spending was a little firmer than we had expected.” “Australia’s data in the week ahead - business and consumer sentiment and employment - should reinforce the cautiously optimistic tone from the RBA at its Dec meeting.” For more information, read our latest forex news.