AUD/USD remains depressed - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, expects the demand for the AUD to remain subdued in the near term.

Key Quotes

"The disappointing July labor market numbers (employment change surprising with a -0.3k contraction while the unemployment rate climbed to 6.4%) saw the AUD-USD face plant and expect underlying heaviness in the pair to persist intra-day. We stay heavy within a 0.9275-0.9350 range."