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Forex Flash: NZD looks to re-enter positive trend – Westpac

FXstreet.com (Barcelona) - According to Global FX Strategist Sean Callow at RBS, “The NZD/USD move above 0.8355 puts the kiwi back into positive-trend mode. A quiet local calendar keeps the near term event risk firmly off shore but otherwise the pair looks a buy on dips towards 0.8470.”

In terms of NZ swaps, after finding a base, 2yr NZ swap yields can continue their move higher. With little domestic data due, the NZ market will be driven by off shore developments. Meanwhile, “the move higher in NZ swap yields has been driven by the front-end helping the 2-10yr curve flatten, we think this can continue in coming sessions.” Callow adds.

Forex Flash: GBP/USD year-end target at 1.45 – Scotiabank

The sterling is losing more than one big figure on Tuesday, rapidly falling from overnight highs in the vicinity of 1.5260 to the current area of 1.5110/15...
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Forex Flash: BoE easing eyed – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, We remain of the view that the BoE will ease further and that this easing will take the form of credit easing or other ‘unconventional unconventional’ measures, rather than purchasing more Gilts (although it is possible that further credit easing measures could be supplemented with more QE).” These measures could take a number of different forms, including extending the FLS, reducing the remuneration rate on central bank reserves and (even) the direct purchase of assets other than Gilts.
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