AUD/USD bullish above 0.7130 – UOB

According to the research team at UOB Group, the Aussie dollar could re-visit levels above the 0.7300 handle.

Key Quotes

“We just turned bullish AUD yesterday and there is no change to the view”.

“As long as 0.7130 is intact, we believe the current AUD strength can extend higher to 0.7325/30”.

Brent oil drops to one-week low

Brent prices extended losses to hit a one-week low of $32.34/barrel on fading optimism regarding a joint OPEC and non-OPEC production cut.
Baca lagi Previous

China: Risk-off returns - ING

Tim Condon, Chief Economist at ING, suggests that for the Chinese confidence boost to get traction the money and credit data need to show up in stronger economic activity.
Baca lagi Next