OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: AUD finds support following RBA comments - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that , the Australian dollar has derived support from comments from RBA governor Stevens who echoed comments in the latest minutes that prior monetary easing is “having an effect” in supporting the Australian economy.

He writes, “In addition, he highlighted that the bar is high for intervention to weaken the Australian dollar stating that “you need to be confident that it’s seriously overvalued or market irrational”.”

Forex Flash: Majors weighed down by FOMC and PMIs - OCBC Bank

Emmanuel Ng of OCBC Bank notes that majors continued to shade lower against the dollar on Thursday post FOMC minutes while the EUR also wavered lower on disappointing economic releases (French and German PMIs) ahead of the weekend Italian elections.
Read more Previous

Forex Flash: EUR/USD profile heavy as GBP/USD finds support - OCBC Bank

Emmanuel Ng of OCBC Bank comments that he prefers to maintain a heavy EUR/USD profile, while Cable looks to have found a touch of support from Thursdays fiscal data.
Read more Next
Start livechat