Daily FNArena News - Currencies

Market analysts at FXCM suggest the Australian dollar is likely to weaken against the US dollar given diminishing expectations for further rate hikes by the RBA.

Guest commentary at FXCM argues in favour of higher prices for the Australian dollar against the greenback.

Guest commentary at FXCM suggests a big move lower for the euro against the US dollar is looking increasingly likely.

Market analysts at FXCM suggest current COT positioning gives an indication of potential weakness in the commodity currencies.

Market analysts at FXCM suggest currency traders should be looking to sell the Australian dollar against the greenback on any drop below 1.0665.

Market analysts at FXCM suggest a perfect storm is forming for the US dollar and risk given the pending expiry of QE2 and a deepening of the Greek sovereign debt crisis.

FXCM currency analyst David Song predicts the USD will see strength, not weakness post Bernanke’s meeting with the press.

CIBC is forecasting a stronger US dollar ahead as European data begin to weaken.

Market analysts at FXCM expect any consolidation in the US dollar will be short-lived as investor risk-taking behaviour is likely to shift.

Market analysts at FXCM note the Australian dollar is again testing 106 against the US dollar, taking the view this level is unlikely to hold yet again.