FXStreet (Edinburgh) –
Strategists at TD Securities reiterated their bearish view on the Antipodean currencies against the greenback.
Key Quotes
“Overall while we note our end-Q3 forecasts for AUDUSD (0.74) and NZDUSD (0.66) are rather close to current levels, the near-term risks remain on the downside”.
“This is due, however, to broader trends in currency markets rather than the recent actions of the PBOC”.
“As commodity prices remain under downward pressure, our expectations for a September rate hike from the Federal Reserve is likely to remain the single dominant factor, we think, in FX markets in coming weeks”.
(Market News Provided by FXstreet)