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Forex Flash: Yen free to weaken after G20 - NAB

The message from G20 seems to be, according to NAB strategist, " ‘mind your language’, meaning that exchange rate shifts arising from appropriate domestic monetary and fiscal policies will not be criticised or challenged, but direct reference to currencies as a policy objective will be." The bank suspects "this means the yen is free to weaken, but Japanese officials must refrain from being seen to be goading the yen to weaker levels."

Forex Flash: EUR/USD, break of trendline sees scope for 1-2 cent decline - BBH

From a technical point of view, according to Mark Chandler, Global Head of Currency Strategy at BBH, "it appears additional near-term losses in EUR/USD are likely."
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Forex: AUD/USD opens below 1.0300

The AUD/USD opens this week post-G20 meeting in Moscow showing some weakness, ahead of US markets closed on holiday, last at 1.0296, off recent fresh 3-day lows at 1.0278. Over the weekend, Australian Treasurer Wayne Swan spoke of the ‘headwind’ of the high AUD on CNBC, reported Eamonn Sheridan from ForexLive, which may have added to the bearish case.
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