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Forex Flash: USD/CAD - Fundamental support for USD/CAD should be exacerbated –TD Securities

FXstreet.com (London) - Greg T. Moore FX Strategist at TD Securities explains that equities are said to be a leading indicator of the economy.

With this in mind, he sees this building trend of Canadian equity underperformance to be yet another warning signal on the outlook for the Canadian economy—relative to the US. His team expect the US to sustain a decent growth advantage over Canada through the end of this year and into 2014. They said for the USD/CAD, that this US growth advantage would provide a strong underlying support and the fundamental support for USD/CAD should be exacerbated if, as they expect, more robust US activity encourages the Fed to pare back its QE purchases.

Forex: EUR/JPY falls off highs to 131.83/84

The EUR/JPY has quietly flown under the radar with all the focus on the USD/JPY action. Though the fact clearly remains that the yen is under siege from all angles, with the cross now notching firm gains. A recent intraday high was capped at 132.19, leading to an easing back to 131.83/84 in these moments.
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Forex: AUD “Currency War” lins on the rise - BMO Capital Markets

Stephen Gallo, European Head of FX Strategy at BMO Capital Markets that AUD is finding itself at the centre of the rising links to “currency wars”.
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