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Monthly archive September, 2016

AUD/NZD: Monetary Policy Divergence: Targeting 1.07 Coming Weeks – ABN-AMRO

The AUD has outperformed the NZD in the past week as financial markets are coming to terms that the Reserve Bank of Australia (RBA) is likely to keep monetary policy unchanged this year, while another 25bp rate cut is still Read More →

EURCAD – Euro Struggling To Hold Ground Vs Canadian Dollar

Key Points

  • The Euro made a new low yesterday and traded below the 1.4650 support against the Read More →

USDCAD – Dollar Remains Under Heavy Selling Pressure

Key Points

  • The US dollar declined heavily recently against all major currencies, including the Canadian dollar.
  • The Read More →

BoJ Buys Time; Sticking To Our USD/JPY Forecast – Morgan Stanley

Yesterday's BoJ decision contained many changes to their framework but has not materially changed the near-term outlook.The BoJ's yield curve targeting still keeps NIRP in place as well as low long term interest rates, just by a different mechanism than Read More →

USD fights back, but seems unlikely to erase its weekly losses

The USD is attempting to recover back some of its earlier daily losses this morning, after two consecutive daily declines that brought it below the 20 DMA of the US Dollar index (DXY). Currently price action is testing the 20 Read More →