Forex Flash: AUD/USD settling down – Societe Generale
FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale comments that AUDUSD is settling down to the 1.03 level after a disappointing labour data.
However, yet contrary to funding currencies, high yielders are missing the bearish global trigger for a sizable correction. Similarly EURGBP continued its correction higher as a relative adjustment given poor UK prospects and the rush into European peripherals and financials.
However, yet contrary to funding currencies, high yielders are missing the bearish global trigger for a sizable correction. Similarly EURGBP continued its correction higher as a relative adjustment given poor UK prospects and the rush into European peripherals and financials.
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