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Forex Flash: AUD/USD, loss of 1.0460 risks acceleration to 1.04s low - NAB

By FXstreet.com,  January 03, 2013, 04:24:00 PM EDT

FXstreet.com (Barcelona) - Despite the more risk averse environment after a slightly hawkish FOMC minutes, which has somehow downgraded the chances of more QEinfinity beyond 2014, Treasury bonds have failed to rally alongside the USD. The 10 year paper has maanged to print about 6bp gains, taking the yield from 1.75% to 1.90% breakout level.

Meanwhile, the AUD/USD sell off has found a layer of buyers around 1.0465 day low, although according to NAB, the paur "looks a little ominous in terms of the local session ahead" they say, adding that "if 1.0460 fails to hold, risk of an acceleration in losses down to the low 1.04s appears quite high..."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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