Flash: AUD/USD may continue to attempt to inch high in the near term – OCBC

FXstreet.com (Athens) – The AUD/USD may continue to attempt to inch incrementally high in the near term given the positive risk appetite backdrop.

Key Quotes

“Watch for further global growth cues from Chinese data points in the latter part of the week for further cues with the 0.9600 level a conspicuous resistance for now while supports are expected at 0.9530 and then at 0.9500.”

EMU: Construction Output grows by 0.5% in August

The Eurozone Construction Output rose by 0.5% in August, down from the 0.7% increase in July, according to the report released today by the Eurostat.
Read more Previous

EUR/USD takes a breather after steep rally

The rally of the EUR/USD extended to a fresh 2-week high during the European session, as the USD weakened broadly despite the US budget deal, which funds the US government until Jan 15 and raises the debt ceiling until Feb 7.
Read more Next