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4 Oct 2013
Flash: AUD has been the strongest performer against the US dollar
FXstreet.com (London) - Research teams at BBH said that today that the AUD has been the strongest performer against the greenback, gaining about 0.5%.
Key Quotes:
“It is also the strongest currency over the past five sessions, up about 1.4%”.
“It has been buoyed again by ideas that the central bank's easing cycle is over and new forecasts of higher iron ore prices”.
“There are still some observers who expect another cut from the RBA, but have pushed it into next year. Several local banks have also raised their forecasts for the Australian dollar. It appears poised to retest last month's high near $0.9530”.
Key Quotes:
“It is also the strongest currency over the past five sessions, up about 1.4%”.
“It has been buoyed again by ideas that the central bank's easing cycle is over and new forecasts of higher iron ore prices”.
“There are still some observers who expect another cut from the RBA, but have pushed it into next year. Several local banks have also raised their forecasts for the Australian dollar. It appears poised to retest last month's high near $0.9530”.