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9 Jan 2015
AUD/USD may range-trade in the interim - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, expects the AUD/USD pair to trade in the 0.8000-0.8200 range in the interim as markets await the labor market numbers to be released next week.
Key Quotes
"We stay neutral on the pair pending further external developments while the focus may return to domestic concerns with the Aussie December 14 labor market numbers due next week. In the interim, a 0.8000-0.8200 range may prevail."
Key Quotes
"We stay neutral on the pair pending further external developments while the focus may return to domestic concerns with the Aussie December 14 labor market numbers due next week. In the interim, a 0.8000-0.8200 range may prevail."