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USD finally takes a short breather in its rally
New highs for the USD this morning finally saw some profit taking on no particularly compelling catalyst save an orderly French bond auction and anticipation of the FOMC minutes.
Wed, 16 May 2012 14:14:27 Z
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Asian trading: EUR struggles at the bottom of the recent range
The EUR started the Asian session at the NY lows – and stayed there. There was not too much activity to report but risk and the associated currencies traded with a heavy bias with the USD index extending yesterday’s up-move with gains of 0.1 percent.
Wed, 16 May 2012 04:29:15 Z
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Market frets new Greek elections
It was strongly feared, and now it is a certainty that Greek elections must be called and EURUSD prints new lows in response. Elsewhere, GBP looked less than sterling today.
Tue, 15 May 2012 14:20:52 Z
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AUD dips following mildly dovish RBA minutes
Minutes of the last RBA meeting showed the reasoning behind the 50bp move focused on the need to get borrowing costs lower for the “community” as major local banks had been edging rates higher. The kneejerk reaction was a mild negative for the AUD.
Tue, 15 May 2012 04:26:23 Z
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Commodity and EU-induced nerves push AUDUSD below parity
Gold rushed to new recent lows and close to strategic support Monday while commodities elsewhere, and risk appetite, were also weak on the day, pushing AUDUSD to just below the parity level.
Mon, 14 May 2012 15:29:13 Z
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Interesting positioning developments in CAD and AUD
A look at the latest CFTC report on IMM futures positions in the US shows an interesting divergence in positioning in AUDUSD versus historic behaviour. Also – CAD positioning is near previous extremes.
Mon, 14 May 2012 08:07:30 Z
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More USD strength in nervous market. Payrolls boost CAD.
The USD was strong again today as nervy market continues to fret rampant political uncertainty in Europe and weak Chinese numbers. Meanwhile, CAD got a boost on another very strong payrolls number in April.
Fri, 11 May 2012 14:20:00 Z
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