15 Oct 2013
Flash: AUD/USD on possibilities of rate cut – BBH
FXstreet.com (London) - Research teams at BBH noted the RBA minutes and implications for a rate cut.
Key Quotes:
“The Australian dollar traded at four-week highs following the RBA minutes”.
“The minutes reinforce ideas that another rate cut is possible, but is surely not imminent”.
“At the same time, Rio Tinto strong Q3 results helped lift the tone for iron ore and copper”.
“Support is now seen near $0.9500. On the upside, the next target for the bulls is near $0.9600 and then $0.9660”.
Key Quotes:
“The Australian dollar traded at four-week highs following the RBA minutes”.
“The minutes reinforce ideas that another rate cut is possible, but is surely not imminent”.
“At the same time, Rio Tinto strong Q3 results helped lift the tone for iron ore and copper”.
“Support is now seen near $0.9500. On the upside, the next target for the bulls is near $0.9600 and then $0.9660”.