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US: Redbook Index contracted 2.8% MoM

FXstreet.com (Barcelona) - The Redbook index has contracted 2.8% on a monthly basis and rose 1.8% over the last twelve month in the week ended on April 14, against previous prints at -2.7% and 2.0%, respectively.

Forex Flash: AUD/NZD poised for correction? – Westpac

Having already fallen more than 4 cents since mid-March, the AUD/NZD seems due for at least consolidation near-term, perhaps back to a 1.23 handle for a while. However, “the contrasts between the RBAs clear easing bias and the RBNZs steady hand plus the sharp divergence in relative commodity prices suggests ongoing risks to 1.20-1.2100 multi-week.” writes Global FX Strategist Sean Callow at Westpac.
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