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AUD/USD: Dynamics unlikely to change today - ANZ

FXStreet (Bali) - According to ANZ FX Strategists, AUD/USD dynamics are unlikely to change today with an expected range of 0.8545– 0.867.

Key Quotes

"With little fresh news to drive the AUD, the market continued to fade the bounce which followed the surprise rate cut in China last Friday. With the EUR rebounding after a solid IFO print cross selling also weighed on the AUD. Dynamics are unlikely to change today with the RBA speech the only event of note. Expected range: 0.8545– 0.867."

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