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NZD/USD just going on the upside - UOB

FXStreet (Guatemala) - Analysts at UOB Group explained that NZD/USD has been outperforming of late on fundamentals.

Key Quotes:

"...After poor US retail data dampened hopes for a 2015 Fed rate hike, whilst earlier comments from RBNZ Governor Wheeler were seen as more hawkish than initially interpreted.

Further supporting the pair was data which showed consumers’ expectations towards the economy continued to improve. The ANZ consumer confidence index rose 3.7% in October to 114.9 and 110.8 in September. The only negative part of the survey was that a fewer people thought they were better off financially compared with a year ago, whilst expectations of financial positions in one year’s time were largely stable."

AUD/USD: full load-down, get your reading specs on

AUD/USd has been quite complicated with plenty of chatter about. So here is a full loaddown. AUD/USD has recovered from the supply below the 0.7350 level while supported by the 55 SMA on the hourly chart with weakness appearing back into the greenback after a limited bounce with the US CPI's beating expectations, (1.9% vs 1.8% exp 1.8% and prev) and Dudley speaking, setting back ideas that a rate hike is at all imminent.
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Brazil: Risk of a second downgrade to junk rises above 50% – TDS

Cristian Maggio, Head of Emerging Markets Strategy at TD Securities analyzed the downgrade of Brazil’s credit rating of Fitch to BBB- and kept the outlook negative. According to him, Brazil’s risk of a second downgrade to junk has clearly risen over 50%.
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