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Credit Agricole advises against selling AUD/USD at current levels - eFXnews

FXStreet (Łódź) - The eFXnews team point out that Credit Agricole recommend not to sell the Aussie dollar at current levels, especially against the greenback.

Key quotes

"During the last few weeks the currency has been under pressure, mainly on the back of unstable risk sentiment, rising Fed rate expectations and weak commodity price developments."

"However, Fed members becoming more cautious regarding a stronger USD’s impact on growth and price developments and better than expected trade data out of China should lead to stabilizing risk sentiment and commodity prices."

"This combined with stable RBA rate expectations should make a case of additional currency upside from the current levels."

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

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