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26 Feb 2015
AUD/USD holds on to space near 0.79 ahead of Capex
FXStreet (Guatemala) - AUD/USD is currently trading 0.7883 with a high of 0.7888 and low of 0.7878.
AUD/USD remains consolidated and weakness applies on attempts to the upside in a tight range adopted between 0.7820 and 0.7896. The market has ben short on the greenback on Yellen and the theme of a data dependent Fed and a whole lot of patience.
Meanwhile, from a domestic front, the Chinese date was friendly to the Aussie in the Manufacturing PMI's surprising to the upside, but whether that is enough to deter the PBoC form further easing or not, but having said that, either way flows could be encouraged to the Aussie. The data was up to 50.1 points in February which is positive. we are now awaiting the Private Capital Expenditure (Q4) for further impetus that comes in net half of the hour.
AUD/USD remains consolidated and weakness applies on attempts to the upside in a tight range adopted between 0.7820 and 0.7896. The market has ben short on the greenback on Yellen and the theme of a data dependent Fed and a whole lot of patience.
Meanwhile, from a domestic front, the Chinese date was friendly to the Aussie in the Manufacturing PMI's surprising to the upside, but whether that is enough to deter the PBoC form further easing or not, but having said that, either way flows could be encouraged to the Aussie. The data was up to 50.1 points in February which is positive. we are now awaiting the Private Capital Expenditure (Q4) for further impetus that comes in net half of the hour.