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AUD may be pressured?

Discussion in 'Forex Daily News & Outlook' started by ikonforex, Jan 19, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    The forex strategist group of the BNP Paribas said that the major focus point in future of the forex market is in China, the President Hu’s visiting action and the China inflation data that will be released on Thursday are the top significant event.

    They said that even though worried the hot money will flow in with large amount, China authority is not willing to increase the interest rate. However, they believed that China will choose to raise the interest rate eventually. As the China monetary policy is tightened, AUD is possible pressured.

    At Beijing time 10:06, AUD/USD was 1.0005/08.
    Forex analysis
    Edited by Sarah

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