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6 Mar 2013

Forex Flash: USD to stay soft after 2013 rally - ANZ

According to Richard Yetsenga, Head of Global Markets Research at ANZ, "the rally in the USD in recent months appears to be reflecting little more than a mild risk-off tone in some financial markets." The analyst expects the USD to stay soft, "as the global economy heals, and the US’s large basic balance deficit becomes more difficult to fund" he adds.
Mar 6, 2013

Forex: AUD/USD, potential for 1.0330 on upbeat Aus GDP - V.Bednarik

Following a V-shaped reversal off a 7-month low near 1.01, the recovery above 1.0180 extended past a key swing high at 1.0240, printing a Tuesday's high of 1.0260, although that level is also history now, as the AUD/USD continues to rally to a new Asian session high at 1.0269 ahead of the Australian GDP data, released at 00.30GMT.
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