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9 Aug 2013
AUD/USD holds onto gains
FXstreet.com (Córdoba) - The AUD/USD has continued pushing higher during the European session, propelled by better-than-expected China’s data.
AUD/USD reaches 10-day high
AUD/USD has extended gains into a fifth consecutive day on Friday, having printed a fresh 10-day peak of 0.9170 in recent dealings. At time of writing, AUD/USD is trading at the 0.9165 area, where it records a 0.7% gain on the day.
AUD/USD poised for additional gains
“The Aussie's short covering gains have been extended by the better Chinese data. In addition, the failure of the monetary policy statement to offer any forward guidance (which would have been expected to be dovish) also helped”, says the BBH analyst team. “Technically the Australian dollar is poised for additional gains next week that could carry it up another 1.0-1.5 cents”.
AUD/USD reaches 10-day high
AUD/USD has extended gains into a fifth consecutive day on Friday, having printed a fresh 10-day peak of 0.9170 in recent dealings. At time of writing, AUD/USD is trading at the 0.9165 area, where it records a 0.7% gain on the day.
AUD/USD poised for additional gains
“The Aussie's short covering gains have been extended by the better Chinese data. In addition, the failure of the monetary policy statement to offer any forward guidance (which would have been expected to be dovish) also helped”, says the BBH analyst team. “Technically the Australian dollar is poised for additional gains next week that could carry it up another 1.0-1.5 cents”.