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Forex Flash: AUD/USD supported by Chinese data - UBS

By FXstreet.com,  January 10, 2013, 02:48:00 PM EDT

FXstreet.com (Córdoba) - Much better than expected Chinese trade data added to the uptick of PMIs a few days ago and led to some optimism that the Chinese GDP rebound could be stronger than initially expected, says the UBS analyst team.

"Overall this lifted the AUDUSD exchange rate to a four-month high", they comment. "We continue to be skeptical of any further AUDUSD advances and recommend only adding AUD around parity".




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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