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5 Dec 2014
AUD remains under pressure – ANZ
FXStreet (Barcelona) - The ANZ Team shares the performance of the AUD crosses, and notes that stronger payrolls might give boost to the USD strength.
Key Quotes
“Expect quiet trading into the US payrolls figure tonight. ANZ expects stronger payrolls. Market sentiment looks pretty balanced, so strength should see USD appreciate.”
“AUD/USD - Strong retail sales were not enough to break through the negative sentiment on the AUD as the market continued to price in an RBA easing cycle. This kept the AUD below 0.84, though the stronger EUR meant that losses were relatively limited.”
“AUD/NZD - The toxic sentiment surrounding the AUD kept this cross on the back-foot, though the up-trend from Feb 2014 remains intact.”
“AUD/JPY - USD/JPY broke 120 overnight, with the trend in JPY still clearly lower. However, with AUD also under pressure this cross remains stuck near its highs.”
“AUD/GBP - As expected, no changes from the BoE overnight, with no statement released. GBP underperformed NZD as EUR/GBP cross positions were unwound.”
Key Quotes
“Expect quiet trading into the US payrolls figure tonight. ANZ expects stronger payrolls. Market sentiment looks pretty balanced, so strength should see USD appreciate.”
“AUD/USD - Strong retail sales were not enough to break through the negative sentiment on the AUD as the market continued to price in an RBA easing cycle. This kept the AUD below 0.84, though the stronger EUR meant that losses were relatively limited.”
“AUD/NZD - The toxic sentiment surrounding the AUD kept this cross on the back-foot, though the up-trend from Feb 2014 remains intact.”
“AUD/JPY - USD/JPY broke 120 overnight, with the trend in JPY still clearly lower. However, with AUD also under pressure this cross remains stuck near its highs.”
“AUD/GBP - As expected, no changes from the BoE overnight, with no statement released. GBP underperformed NZD as EUR/GBP cross positions were unwound.”