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Flash: USD not in a one-way street, USD/CAD – TD Securities

FXstreet.com (London) - Research teams at TD Securities say’s markets seem to be increasingly pre-occupied with the impression of whether QE tapering is on or off these days.

The team was adding that the slide in US longer-term yields yesterday served as a warning that the USD is not in a one-way street heading north. For instance, they mentioned that the month-end flows are expected to be USD-negative and may add to near-term pressure on USD/CAD but their bias there remains positive and they remain broadly constructive on the USD’s outlook. Ignoring the day-to-day noise in the markets, Federal Reserve comments signal that a reduction in asset purchases remains quite possible later this year, if the data support it.

Flash: Central banks take aim at private demand – Goldman Sachs

For much of the year, expanding central bank balance sheets and a growing commitment to engineer inflation have depressed sovereign bond markets and helped to push equities higher.
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AUD/USD moves off lows after US data

The AUD/USD managed to move off session lows at the beginning of the American session as the US dollar weakened on the back of disappointing GDP and employment data.
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