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Flash: USD strategy profile – Westpac

FXstreet.com (Barcelona) - The USD index uptrend still in good shape, though the near-term 83.50 support needs to hold.

Moderate upside risk on next week’s data suggests the recent break higher in US yields has legs, at least until next week (2.00-2.10% the key level on the downside). Williams, George and Fisher next week likely to echo Bernanke’s message that a modest reduction in asset purchases is on the table if the data continues to firm.

“Not clear that EUR/USD is the ideal pair to express a USD positive view against - diminished odds of an ECB easing next week, recent stabilization in the regional business surveys and signs that authorities are easing-off the austerity bandwagon suggest EUR should hold its own against the USD. USD longs vs GBP, CHF, NZD and AUD likely to offer more mileage.” notes Global FX Strategist Sean Callow at Westpac.

Flash: EUR/USD faces bearish outlook below 1.3020 – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
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USD/CAD finds support around 1.0330

The pair is recovering ground lost after Wednesday’s sell off, with the Canadian dollar now trading on the back foot against its neighbour on Thursday.
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