Forex Analysis

RBA cut no foregone conclusion: AUD at risk of squeeze

Following the RBNZ’s dovish statement on Thursday,

EURCHF jumped towards 1.05 on news report that SNB may operate an unofficial corridor versus EUR.

Euro PMI manufacturing is due for release and the flash estimates in the periphery will attract most attention.

Growth in the US economy is healthy, but wages pick up only modestly.

The pair closed in NY Friday at $1.5060 after rate had been pressed to

The AUD/USD closed in New York at $0.7766, and

The pair opened at $1.1289 after Friday’s $1.1278 to $1.1349 range,

The JPY started the morning on a firmer note, as the yen buying that

Another big week coming up, with the RBA’s first Board meeting of the year tomorrow,

If you want a quick snapshot of all things New Zealand, then Wednesday’s your day!

For some time the big story in the world of economics has been plunging global oil prices,

A softer-than-expected US GDP report failed to materially take the shine of the USD.