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Forex Flash: USD/CAD holds broader outlook ahead - BBH

FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the US dollar spent the past week in fairly narrow trading ranges against the Canadian dollar.

He feels that this is consistent with a broader outlook and he anticipates a heavier tone for the greenback in the days ahead. He writes, “Initial support is seen in the CAD1.0170-CAD1.02 band, which the US dollar has not traded below for a month. A break of this area could see another cent retreat. The RSI and MACDs are trending lower and the market positioning seems stretched.”

Forex Flash: Abe describes Yen weakness as net plus for Japanese economy - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that Japanese Prime Minister Abe described the yen weakening trend as an overall plus for the Japanese economy when speaking to parliament overnight.
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Forex Flash: Cyprus News Drives Positioning Changes - Nomura

Nomura strategists note that most of the overall themes in the positioning space have been reversed for the week.
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