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Forex Flash: AUD/USD should reach 1.0600 by years-end – Westpac

FXstreet.com (Barcelona) - Gold’s “flash crash” accounted for much of the recent AUD/USD reversal and shouldn’t be repeated. However, weakness in base metals prices and growing market pricing for RBA easing in Q2 should see the pair test 1.0150 in coming weeks.

According to Global FX Strategist Sean Callow at Westpac, “The outlook brightens from mid-year though as BoJ QE should dovetail with the Fed’s to push the AUD/USD back towards this year’s highs around 1.0600.”

Forex: EUR/SEK extends its intraday decline

After falling to weekly lows against the single currency in the vicinity of 8.5500, the Swedish krona found buying interest that is dragging the cross to the current session lows around 8.5050/5150...
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Forex: EUR/USD capped below 1.3100 ahead of NY session

Improved risk sentiment took the EUR/USD to higher pastures during the European morning, but investors didn’t defy the 1.3100 handle as the market started taking profits after reaching as high as 1.3097. The EUR/USD is currently under consolidation, at 1.3080/90 ahead of the New York opening.
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