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Credit Agricole: AUD expected to remain a buy - eFXnews

FXStreet (Łódź) - The eFXnews team comment that Credit Agricole considers the AUD to remain a buy, especially against the CHF and the EUR.

Key quotes

"This is mainly due to further improving risk sentiment and as there is room of rising RBA rate expectations."

"From that angle this week’s main focus will be on Thursday’s labour data release, which may well surprise positively."

"In that respect it must be noted that job market related second tier data already indicates improving labour market conditions."

"Under such conditions we anticipate further stabilizing price developments to the benefit of RBA monetary policy expectations."

"All of the above stands in contrast to the EUR and CHF, which are likely to remain capped on the back of the ECB’s and SNB’s aggressive monetary policy stance."

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

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