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12 Mar 2014
Flash: AUD still a sell - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, remains bearish on the Aussie dollar.
Key Quotes
"Economic news and data is rather sparse today. There is nothing due in the US, which usually means Treasuries do nothing and equities try to grind higher, almost irrespective of shock-waves coming from EM."
"We'll see whether that is repeated today. Spanish CPI won't tell us much and neither will Euro area industrial production. But the overnight data flow is important with the RBNZ policy decision where a 25bp hike is fully expected, the Australian employment report, and Chinese industrial production, retail sales and fixed asset investment data."
Key Quotes
"Economic news and data is rather sparse today. There is nothing due in the US, which usually means Treasuries do nothing and equities try to grind higher, almost irrespective of shock-waves coming from EM."
"We'll see whether that is repeated today. Spanish CPI won't tell us much and neither will Euro area industrial production. But the overnight data flow is important with the RBNZ policy decision where a 25bp hike is fully expected, the Australian employment report, and Chinese industrial production, retail sales and fixed asset investment data."