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Forex Flash: General flows out of USD appears month end related - RBS

FXstreet.com (Barcelona) - “We are approaching the Easter holidays and month and fiscal year end for some,” notes FX Trading Strategist at RBS Greg Gibbs. “It may have been the case that the USD has been weaker than usual into this book closing period,” he adds, expanding: “Our desk reports general flows out of the USD that appears month end related. However, they also report that these flows appear now to be abating or becoming more evenly matched.”

The analyst continues: “As such, with indicators suggesting that the USD is trading in a generally firmer trend since last year, this trend may be ready to reassert again in the coming weeks,” Greg suggests. “As discussed in recent reports, the tone of US data will be increasingly important now that the Fed is looking to adopt a more variable approach to its pace of asset purchases,” he concludes.

Forex Flash: AUD retains underlying bid tone - NAB

The rally of the AUD/USD is facing strong resistance below 1.0500. “We would note solid importer demand over the past day or so with more interest above 1.0500,” say analysts at the National Australia Bank. According to them the Australian Dollar retains an underlying bid tone, “although the currency is on the backburner as the market watches for more news out of Europe.”
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Forex Flash: NZD/USD, exporters keen buyers of NZD dips - BNZ

NZD/USD has just printed fresh 1-month highs shy of 0.84, while “Exporters remain keen buyers of dips in the NZD,” Mike Jones notes, Currency Strategist at BNZ. “That’s the very clear message from our Currency Flows Monitor,” he adds. “We’ve seen consistently strong net NZD buying in our flows over the past month, coinciding with the NZD/USD pullback from 0.8500 to 0.8300,” Mike concludes.
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