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5 May 2015
AUD/USD's build up to the RBA - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation explained the price action for AUD/USD thus far.
Key Quotes:
"AUD/USD ground slightly higher, from 0.7820 late Asia to 0.7852, steadying at 0.7840 ahead of the RBA decision."
"Westpac’s view of a rate cut and door open for further easing at some point should be of limited surprise to markets, producing a dip to the high 0.77s."
"A surprise steady hand should see a surge through 0.7900."
Key Quotes:
"AUD/USD ground slightly higher, from 0.7820 late Asia to 0.7852, steadying at 0.7840 ahead of the RBA decision."
"Westpac’s view of a rate cut and door open for further easing at some point should be of limited surprise to markets, producing a dip to the high 0.77s."
"A surprise steady hand should see a surge through 0.7900."