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Forex Flash: Strong NZD buying taking place – BNZ

FXstreet.com (Barcelona) - Exporters remain keen buyers of dips in the NZD. According to the BNZ Research Team, “That’s the very clear message from our Currency Flows Monitor – 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.”

Three month cumulative net flows are well above the 2-year average for all of the major NZD currency pairs. Last week, the trend continued. Net flows were in the 68th percentile for the aggregate NZD index, with NZD/AUD flows in the 90th percentile. This ‘buy on dips’ mentality will remain in play as long as NZD fundamentals remain supportive and the local export community remain under hedged with respect to their currency exposures.

Forex Flash: The BoE will provide a little support to the BoE

The Bank of England is schedule to hold its monthly monetary meeting next April 4th at 11 GMT. Market is expecting the BoE to hold the size of the asset purchase facility and keep unchanged the interest rate at 0.5%.
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Forex Flash: Philippines government bonds to rally following Fitch upgrade – ANZ

According to Strategist Irene Cheung at ANZ, “We expect Philippine government bonds – both local currency and hard currency bonds - to continue to rally. We continue to suggest investors stay long 20y bonds.” The primary beneficiary of the rating upgrade will be the sovereigns’ hard-currency bonds, followed by local currency government bonds.
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