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Aussie under pressure via RBA – UOB

FX Strategists at UOB Group assessed the recent statement from the RBA and its impact on AUD.

Key Quotes

“AUD fell against its major peers as RBA’s Governor Philip Lowe presented a speech”.

“The central bank head stated that the board has been prepared to be patient on the economy, likely hinting that an interest rate adjustment won’t be due for some time yet”.

“Lowe added that he prefers a prudent approach, and reiterated that the current cash rate of 1.5% is supporting jobs growth and a return to average inflation”.

“Once again, the Governor expressed his concern about AUD strength noting that further AUD gains would slow an inflation and employment pickup”.

GBP/USD rallies seen struggling around 1.3035/55 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees occasional bullish attempts to find strong resistance in the 1.3035/55 band. Key Qu
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EUR/NOK still a sell on strength – Danske Bank

Arne Rasmussen, Chief Analyst at Danske Bank, keeps the constructive view for the Norwegian Krone in the next months. Key Quotes “Yesterday’s NOK se
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