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Forex Flash: Higher Beta currencies have rallied on risk move - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale comments that higher beta currencies have uniformly rallied on the risk move and equity rally but several still look short of momentum.

He sees that AUD/USD is re-testing the 1.03 level from which it broke down, but has been left behind by equities and other risk measures since mid-2011. He feels that the same to some degree, that’s the pattern across EMFX too, with INR softer, EMEA definitely not on fire and KRW up against the yen rather than the dollar. he writes, “These are all warnings that yield-hungry investors have scraped the bottom of the barrel (almost) dry and risk-reward is unhelpfully skewed from here.”

Forex Flash: EUR/USD upside skepticism may persist - OCBC Bank

Emmanuel Ng of OCBC Bank feels that skepticism towards excessive EUR/USD upside may yet persist despite the pair failing to stage a breakout below 1.3058 on Wednesday.
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Forex Flash: AUD benefits from upbeat mining data - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Australian Dollar also benefitted from the release of more upbeat than expected capital expenditure expectations from the Australian mining sector, pointing to an 11% rise YoY in 2013/14.
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