Market analysts at FXCM maintain their view the Aussie remains doomed for lower levels against the USD.
The Australian dollar appears overvalued at present and a weak global outlook has analysts expecting the currency to fall from current levels.
Market analysts at FXCM suggest recent moves in the Australian dollar against the greenback leave US100.80c as near-term support for the currency.
Kathleen Brooks of FOREX.com notes the euro has rallied as risk is back on in financial markets but cautions against any sustained move given ongoing uncertainty.
Market analysts at FXCM note commodity currencies underperformed this year and offer reasons why this occurred.
Market analysts at FXCM suggest holiday trading conditions will complicate trading in the USD next week.
To account for recent economic conditions and revised expectations Danske Bank has updated its forecasts for currencies.
Kathleen Brooks of FOREX.com sees competing pressures on the euro at present, Italy’s financial issues a negative for the currency but the scope for quantitative easing a positive.
Anz Banking Group has outlined a number of reasons why this week is likely to be a significant one for global currency markets.
With risk aversion and intrest rate differentials the main drivers of the AUD/NZD rate, CBA’s view the spread will narrow supports a forecast of 1.2700 for the currency pair.