Back
5 Jan 2015
AUD/USD might see 0.8000 levels - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, explains that dollar strength and the uncertain commodity scenario reassures that 0.8000 levels are on the cards for AUD/USD.
Key Quotes
"This morning, the December AiG performance of manufacturing index came in at a significantly lower 46.9 compared to 50.1 in the previous month. A test towards 0.8000 we think remains on the cards given the still uncertain Chia/commodity backdrop in the face of dollar strength."
Key Quotes
"This morning, the December AiG performance of manufacturing index came in at a significantly lower 46.9 compared to 50.1 in the previous month. A test towards 0.8000 we think remains on the cards given the still uncertain Chia/commodity backdrop in the face of dollar strength."