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Key events for the Aussie ahead - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at TD Securities noted the key data events surrounding the Aussie coming up.

    Key Quotes:

    "While intervention was heavy in January given the behavior of the renminbi spot, the daily fix, and the gap between onshore and offshore pricing, the use of forwards can smooth the reserve management over several months. Most estimates, including TD, assume greater reserve loss in January compared with December.

    The FX market will care about Governor Stephens views on the exchange rate. Rates markets will look for an explanation of downside risks to the economy and how strong the offshore winds are. We see AUD remaining in the low 70s."
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