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Forex Flash: AUD – Inflation pressures subdued - TD Securities

FXstreet.com (London) - Alvin Pontoh at TD Securities research team notes that wages in Auatralia rose by a less-than-expected +0.7% in Q1 (consensus +0.8%), easing the y/y pace to 3.2% from 3.3%, the slowest pace since mid-2010. He said that overall, a low outcome confirms that wages are helping keep inflation pressures subdued. Separately, car sales fell –1.6% in April, the fourth consecutive decline, easing the y/y pace to +3.3% y/y from +4.5%.

Forex Flash: USD/CHF could reach parity at minimum – UBS

According to the UBS Research Team, “In coming to terms with reality, the Eurozone crisis simply hasn't abated. However, last year's commitment by the European Central Bank to buy government bonds through Outright Monetary Transactions has cut the risk of a member state going bust. That has reduced the attractiveness of the franc as a hedge against the Eurozone breaking up.”
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Forex Flash: US yields continue to lift USD/JPY - OCBC Bank

Emmanuel Ng of OCBC Bank notes that firmer US yields continued to lift USD/JPY on Tuesday and the pair may continue to push the envelope on the topside while dips may remain shallow in the near term and the 100.00 expected to be a hard floor at this juncture.
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