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Forex Flash: EUR/USD susceptible to negative headlines - OCBC Bank

Emmanuel Ng of OCBC Bank notes that with positive sentiment towards the dollar accumulating, the Euro may remain vulnerable to negative headlines in the near term.

He notes that the pair has now dipped tentatively below the 1.3000 area with the next key support expected towards the 200-day MA (1.2868). Looking to GBP/USD he adds that his view remains unchanged and the pound may continue to look towards next week’s budget announcement for further cues while sustained expectations of a dovish BOE may work to keep the GBP under the weather. He adds, “Next key intersection for the cable is expected towards 1.4800 while 1.5000 may also cap in the interim.”

Forex Flash: Holidaying in Seoul? - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the fiercest battle of the currency wars has been fought, for several years, quietly and politely between South Korea and Japan.
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