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AUD/USD: 0.7800 in sight? – OCBC

FXStreet (Barcelona) - With AUD/USD enjoying a boost after the release of upbeat labor market data, Emmanuel Ng, FX Strategist at OCBC Bank, views that a sustained break above 0.7736 would expose 0.7800.

Key Quotes

“The significant upside surprise in the March labor market numbers (employment change: +37.7k vs. +15.0k exp; unemployment rate: 6.1% vs. 6.3% exp) this morning saw the AUD-USD hitching higher past 0.7750.”

“In the near term, with global risk appetite levels padded, a sustained break above the 55-day MA (0.7736) is expected to put 0.7800 in the market’s sights.”

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Weak Chinese data raises the case for further policy easing – Nomura

Research Analysts at Nomura, believe the weak GDP growth momentum seen in Q1 calls for further easing in China, expecting a 25bp interest rate cut, and further share the forecast for IP, retail sales, FAI and GDP.
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