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Aussie: risks to the downside - ANZ

FXStreet (Guatemala) - Analysts at ANZ explained that the AUD finished the week with a slightly weaker tone despite a small bounce in iron ore prices.

Key Quotes:

"This week, risks are to the downside – we will watch the tone of the RBA and local GDP together with Chinese manufacturing activity and the US payrolls report.

Expected range: 0.7090 – 0.7300

AUD/NZD: REVERSAL...

The cross should begin to move lower this week as NZ domestic data (business confidence) make a December rate cut less likely.

Expected range: 1.0940 – 1.1060"

Australia Private Sector Credit (YoY) unchanged at 6.7% in October

Australia Private Sector Credit (YoY) unchanged at 6.7% in October
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