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Forex Flash: AUD/USD strategy profile – Westpac

FXstreet.com (Barcelona) - The AUD/USD has been better supported than we expected, however the failure to break 1.0500 seems telling. Price action in key commodities is mostly not very encouraging while it is hard for the AUD/USD to stand still when EUR/USD is tanking, threatening to export at least some of Europe’s financial stress to Asia-Pacific.” notes Global FX Strategist Sean Callow at Westpac.

Additionally, domestic news flow should be mixed, with the RBA statement likely to be similar to February’s, retail sales and building approvals to rise only modestly while the trade deficit should surprise on the narrow side. 1.0330 - 1.0500 should capture most trade.

Forex Flash: Housing busts hold sweeping macroeconomic consequences in US and EU – Goldman Sachs

Housing busts have long-lasting macroeconomic consequences. According to the Economics Research Team at Goldman Sachs, “The subdued and sub-par economic recovery in the US, the recurrent crises in the Euro area periphery and even the current troubles in Cyprus are, in some way, shape or form, related to the preceding housing busts. And in some places such as Spain, Greece and Italy, in particular these housing busts may still be ongoing.”
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Bersani informed Napolitano he can't form government

Pier Luigi Bersani, Secretary of the Democratic Party, has told Italian president Giorgio Napolitano that his party is unable to form government as he is facing unacceptable preconditions from the other parties.
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