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11 Mar 2014
Flash: AUD/USD could see further upside near-term - RBS
FXStreet (Barcelona) - Greg Gibbs, FX Trading Strategist at RBS, expects good job results in Oz on Thursday to boost the AUD/USD.
Key Quotes
"The RBNZ is set to deliver a well-heralded hike on Thursday. The NZD is around record highs on a trade-weighted basis and its rates market may be regarded as priced for perfection."
"The AUD is being torn between weaker indicators in China and better than expected indicators in Australia. We remain bearish over the year."
"But the AUD has adjusted significantly to weakness anticipated in the mining sector and it could strengthen near term on signs the domestic economy is being under-pinned by a very strong housing market. We see risks of higher than expected employment data on Thursday."
Key Quotes
"The RBNZ is set to deliver a well-heralded hike on Thursday. The NZD is around record highs on a trade-weighted basis and its rates market may be regarded as priced for perfection."
"The AUD is being torn between weaker indicators in China and better than expected indicators in Australia. We remain bearish over the year."
"But the AUD has adjusted significantly to weakness anticipated in the mining sector and it could strengthen near term on signs the domestic economy is being under-pinned by a very strong housing market. We see risks of higher than expected employment data on Thursday."