OctaFX | OctaFX Forex Broker
Open trading account
Back

Better than expected private capital expenditure data gives AUD a slight push up – OCBC

FXStreet (Barcelona) - The OCBC Bank Research Team, notes that better than expected Q3 private capital expenditure numbers give AUD/USD a slight push up, but the pair is likely to see a downside risk in the medium term.

Key Quotes

“This morning, the better than expected 3Q private capital expenditure numbers gave the AUD another minor fillip and the pair may continue to toy with the 0.8600 handle pending further cues.”

“The RBA has made it readily apparent that a structurally weaker AUD would be more reflective of fundamentals and would also aid in the economy’s re-balancing. As such, medium term risk for the pair may remain oriented towards the downside. To this end, note cracks appearing for the AUD in our G7 Heat Map. “

USD/JPY drops below 117.50 after lackluster US economic data

Stuart McPhee, Currency Analyst at MarketPulse, notes that the dollar edged down against the yen on Thursday after lackluster U.S. economic data pushed Treasury yields lower and dulled investor appetite for the greenback.
Read more Previous

EUR/USD above 1.25 again – DBS

Analysts at DBS note that better than expected Eurozone Q3 GDP and steady German IFO & ZEW data have aided the EUR/USD pair to regain 1.25 levels.
Read more Next
Start livechat