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Forex Flash: Commodity-based currencies lack immediate headwinds – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “we reiterate a bullish near-term outlook as the pair extends its strength and there is no major resistance until 1.0604/1.0627.” they note. Should a pullback occur, support lies below at 1.0406. In addition, the USD/CAD indicators suggest a neutral outlook, with near-term resistance is at 1.0197, ahead of 1.0251 – support is at 1.0135 ahead of 1.0089.

Forex Flash: China's exports could still be overstated - Nomura

Nomura economist, Rob Subbaraman notes that China's exports to Hong Kong and Hong Kong's imports from China do not match.
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Forex Flash: FOMC minutes the headline - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that like in Europe, the data schedule in the US today is light.
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