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Forex Flash: Pricing for RBA cuts in 1-year from 15bp to 19bp - NAB

FXstreet.com (Barcelona) - Following the RBA more neutral monetary policy position, according to NAB, "most of the commentary surrounding the RBA post meeting statement is to the effect that the RBA is sitting quite comfortably on hold here, and that the professed easing bias is not something they are likely to act on anytime soon."

The bank notes "one year out pricing for RBA cuts has nevertheless moved from 15bps prior to yesterday’s decision to 19bps."

Session Recap: The USD advances; GBP/USD collapsed to 1.5100

The Greenback advanced against its major competitors as the GBP/USD collapsed from 1.5255 to trade at 1.5100. The EUR/USD was rejected by the 1.2880 region and declined to 1.2810. The USD/JPY recovered 100 pips from 92.55 to trade at 94.55 and the USD/CHF closed 0.27% positive on the day at 0.9485.
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Forex Flash: Short the Yen vs the Swiss Franc - JP Morgan

A long term trade idea, according to John Normand, FX strategist at J.P. Morgan Securities, is to short the JPY/CHF pair on the basis of hugely dissimilar fundamentals.
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