AUD/USD: Grinding higher - ANZ

Research Team at ANZ, notes that the AUD continues to press higher as the USD remains broadly on the back foot.

Key Quotes

“Oil recovered from early Monday losses and equity markets lifted, improving risk sentiment. Today we have both the RBA Minutes and RBA Governor Glenn Stevens speaking, with the latter likely to be more important for the AUD. In addition, news that Australia is likely heading for a double dissolution election on 2 July may arrest some relative AUD strength.

Expected range: 0.7695 – 0.7805”