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Unsteady global economy to add pressure to AUD - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that the still unsteady global economy may continue to put pressure on AUD/USD.

Key Quotes

"The RBA’s Heath this morning sounded fairly sanguine with respect to China’s demand for resources early but we think the still unsteady global economic boat may continue to put the 0.8600 floor at risk multi-session with a subsequent waypoint expected at 0.8545. We remain tactically neutral in the interim."

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