AUD holding up despite commodities weakness - Westpac

FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Coporation ABN explained that risk appetite improved from Asia to Europe before fading again in NY trade, leaving USD/majors mixed.

Key Quotes:

"AUD held its ground and outperformed NZD despite heavy losses in copper and iron ore".

"GBP dipped on the UK's multi-decade low in inflation".

"Today we see a European court ruling on the ECB bond backstop OMT and US Dec retail sales and import prices".