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Forex Flash: AUD calendar looks busy ahead - OCBC Bank

Emmanuel Ng of OCBC Bank comments that apart from the RBA meeting last night, AUD may also have to contend with a fairly busy data calendar this week.

On the CFTC front, net speculative AUD longs continued to be depleted in the latest week and he is sticking with a sell-rally posture for the pair in the interim. He writes, “Resistance is expected towards 1.0280 while 1.0150 may look increasingly fragile (next stop 1.0100) if global sentiment continues to waver.”

Forex: EUR/GBP falls to 0.8600 after UK Services PMI

Improving UK Services PMI surprised investors and made the GBP become more attractive ahead of this week's BoE meeting. The publication revealed a final reading of 51.8, higher than the expected 51.0 and the previous reading of 51.5.
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Forex Flash: Yen strengthens from BoJ officials at Diet meeting - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the yen has continued to strengthen modestly overnight despite further dovish commentary from the BoJ Deputy Governor candidates at their confirmation hearings before the Diet.
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