AUD/USD continues to push higher - UOB Group

FXStreet (Barcelona) - Lee Sue Ann, Market Strategist at UOB Group notes that tracking a pickup in RBA interest rate hike expectations, especially following a much stronger employment report for March, the AUD/USD continues to move higher.

Key Quotes

“The pair which is seen hovering around the 0.9400-figure, may be undermined though by a hefty helping of top-tier Chinese economic data this week. Interest will also be on Tuesday’s release of the minutes from the April RBA Board meeting.”

“We think that in light of the recent strength in the currency, most of the discussion amongst policymakers will probably be on the exchange rate.”