AUD/USD Forecast

Euro Zone PMIs brought some relief for the euro as most were better than expected. Australian economy faces a situational challenge.

Risk seeking sentiment fell into risk aversion as a number of economic data releases saw red. The employment climate continues to flash red.

The Euro Zone continues to face economic challenges, weighing down on the euro currency. US Non-Farm Payroll gave relief but the situation remains volatile.

As the European Central Bank and US Federal Reserve conduct quantitative easing measures, analysts and traders are pricing the impact on the currencies.

China's economy seems to be recovering and continues to push up the AUD for now. The US employment climate continues to deteriorate.

China's economy seems to be recovering and this pushes up the AUD. US stocks continue to rally but analysts warn of a bull trap. This may affect the USD.