Back
8 May 2015
AUD/USD support made at 100 DMA - Scotiabank
FXStreet (Guatemala) - Eric Theoret, CFA, CMT Chief Currency Strategist at Scotiabank noted the conditions surrounding AUD/USD.
Key Quotes:
"The RBA’s Statement on Monetary Policy had no discernible impact on AUD, as policymakers softened their expectations for growth while reiterating the need for a lower exchange rate."
"The RBA’s focus is centered on risks arising from the outlook for domestic business investment, as well as China’s growth outlook. AUD support has been observed at the 100 day MA 0.7861."
Key Quotes:
"The RBA’s Statement on Monetary Policy had no discernible impact on AUD, as policymakers softened their expectations for growth while reiterating the need for a lower exchange rate."
"The RBA’s focus is centered on risks arising from the outlook for domestic business investment, as well as China’s growth outlook. AUD support has been observed at the 100 day MA 0.7861."