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Forex Flash: Strong Chinese data has helped AUD to outperform - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that recent strong Chinese data has helped AUD to outperform yesterday, negating some potentially bearish sentiment.

They see that recent comments from the RBA´s Kent were slightly dovish, but consistent with RBA communication, noting that the inflation outlook gives scope for further rate cuts. They write, “He did admit that rates were cut more than normal due to AUD strength, and that monetary policy takes into account the exchange rate. “

Forex: EUR/GBP trading at session lows at 0.8505/08

The EUR/GBP has fallen off a peak in the 0.8538 level (intraday maximum) Thursday, and has not looked back since. The downwards path of the pair has managed to erase all daily gains and at the time of writing the cross is trading at 0.8505/08, at daily lows.
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Forex Flash: Majors primed to maintain recent advances – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
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