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Flash: NZD strategy profile – Westpac

FXstreet.com (Barcelona) - According to Global FX Strategist Sean Callow at Westpac, “A near empty local calendar keeps the focus offshore, where USD should be firm enough to cap NZD/USD with an 0.8200 handle but fresh lows since Sep 2012 seem unlikely.”

Moreover, the AUD/NZD is finally showing signs of at least an interim low, so long as the RBA doesn’t surprise the market with another rate cut on Tuesday. Friday’s May business confidence is the only notable release for the week ahead. Third-tier data release include April money supply (tomorrow) and May commodity prices (Wednesday).

Flash: Unseen pressure on USD? – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “A US investment recovery could potentially provide incremental upward pressure on the USD, tighten credit spreads for those that engage in capex spending and push revenues higher in areas that supply capital goods.”
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AUD/USD upside stalled around 0.9700

The steep correction higher of the Aussie dollar continues to struggle to overcome the key 0.9700 handle on Thursday, retracing some ground to the 0.9670 region...
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