Forex Flash: A few thoughts on EUR, AUD & NZD - Wesptac
FXstreet.com (San Francisco) - Westpac on EURUSD: "The delay in the decision on Greece's loan tranche is chipping away at EUR, with Eurozone Q3 GDP likely to add to the gloom. We now doubt the pair will recapture 1.30, seeing risks growing of a substantial decline into year end."
Westpac on AUDUSD: "The RBA's steady hand boosted AUD and jobs numbers were OK but momentum is flagging as global investors focus increasingly on the dangers US and European fiscal policy. 1.0480/1.0500 should cap but better local and China news should limit losses to the low 1.03s."
Westpac on NZDUSD: "The likelihood of further weak Q3 data from NZ, plus US fiscal cliff negotiations, should depress NZDUSD to 0.8060 this week. However, NZ Q4 data should be more upbeat, underpinning a positive outlook for the NZD in 2013."
Westpac on AUDUSD: "The RBA's steady hand boosted AUD and jobs numbers were OK but momentum is flagging as global investors focus increasingly on the dangers US and European fiscal policy. 1.0480/1.0500 should cap but better local and China news should limit losses to the low 1.03s."
Westpac on NZDUSD: "The likelihood of further weak Q3 data from NZ, plus US fiscal cliff negotiations, should depress NZDUSD to 0.8060 this week. However, NZ Q4 data should be more upbeat, underpinning a positive outlook for the NZD in 2013."
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