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8 Oct 2013
Flash: AUD/USD supported on what? – BTMU
FXstreet.com (London) - Lee Hardman, currency analyst at the Bank of Tokyo-Mitsubishi UFJ noted that the AUD/USD
derived support.
Key Quotes:
“The AUD derived support from further evidence of improving domestic cyclical momentum alongside the tentative pick up in investor optimism over the fiscal situation in the US”.
“The NAB’s business confidence survey improved sharply in September rising to its highest level since April 2010 following the election of the new coalition government”.
“On a less positive note for the Australian dollar, HSBC/Markit’s services PMI survey for China ease back modestly by 0.4 point to 52.4 in September standing in contrast to the official non-manufacturing PMI which rose by 1.5 point to 55.4”.
derived support.
Key Quotes:
“The AUD derived support from further evidence of improving domestic cyclical momentum alongside the tentative pick up in investor optimism over the fiscal situation in the US”.
“The NAB’s business confidence survey improved sharply in September rising to its highest level since April 2010 following the election of the new coalition government”.
“On a less positive note for the Australian dollar, HSBC/Markit’s services PMI survey for China ease back modestly by 0.4 point to 52.4 in September standing in contrast to the official non-manufacturing PMI which rose by 1.5 point to 55.4”.