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Monthly archive June, 2016

CAD: Stretched Longs; A Sell On Rallies – Credit Agricole

With more negatives in the price, we expect CAD to stay sensitive to incoming data. Stretched long positions also expose the currency to additional position squaring risks

Datawise, the focus is on May employment data. Any signs of recovery Read More →

Dismal NFP number eliminates June rate hike hopes

The dollar hovered near its lowest in over three weeks early on Monday after an overly disappointing US employment report left little to interpretation and prompted market participants to rule out the chance of an interest rate hike in the Read More →

RBA and RBNZ Rate Convergence: Buy AUD/NZD Dips Below 1.05 – BofA Merrill

RBA to hold; RBNZ has stronger easing bias.

Interest-rate spreads between AU and NZ and the currency cross have been heavily impacted by large swings in relative pricing of the policy outlook between the two countries this year. Both Read More →