Reserve managers set to increase demand for AUD, NZD - SocGen

By FXstreet.com | July 15, 2014 AAA

FXStreet (Bali) - Reserve managers should increase their demand on AUD and NZD, notes Societe Generale, in a note to their clients.



Key Quotes



"Based on a study of 87 reserve managers, we estimate they likely will diversify out of USD by buying 67% EUR,11% JPY, 11% AUD, 5.4% GBP, 2.5% NZD and smaller currencies."



"In the coming quarters, they likely will buy fewer EUR, more AUD, NZD, KRW and some CNY. The Duration is 2.6 years and should steadily rise."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center