Standard Chartered PB: AUD drawdown likely to continue

30 May 2019 | 1 minute read

Standard Chartered Private Banking believes the AUD drawdown is likely to continue as the country’s central bank maintains its dovish stance. “We expect AUDUSD to remain within the downtrend channel towards 0.6750, with rallies likely to be capped between 0.7070 and 0.7140,” the private bank said.                   “The RBA has turned dovish,…

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