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Credit Agricole: AUD a buy on dips - eFXnews

FXStreet (Łódź) - The eFXnews team remark that Credit Agricole suggests to buy the aussie on dips agains the euro and the dollar.

Key quotes

"The AUD has been well supported of late, mainly on the back of improving risk sentiment."

"Investors’ risk appetite has been rising on the back of the ECB’s more aggressive monetary policy stance which may come to the benefit of liquidity expectations. Easing Russia/Ukraine related geopolitical tensions have been helping too."

"This combined with stable RBA monetary policy expectations is should keep the AUD a buy on dips."

"This is especially true as tomorrow’s US labour data release is unlikely making a case of strongly rising Fed monetary policy expectations."

"Accordingly we anticipate further currency upside versus both the EUR and the USD."

'This content has been provided under specific arrangement with eFXnews.'

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