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26 Jun 2013
Flash: AUD performing better besides China – TD Securities
FXstreet.com (London) - For AUD/USD, research teams at TD Securities said that some domestic political turmoil over the past 24 hours (a leadership ballot within the Labour Party) has been of little concern, with the liquidity provisions in China the much bigger regional concern at the moment.
That’s helped put the AUD and NZD at the top of the G10 performance rankings they said; a rare occasion over the past two months. While they are not particularly positive on the prospects for the Antipodean currencies in the coming weeks, considering the pace at which they have depreciated recently they see a bit more room for the EUR, GBP, and CHF to fall against the USD.
That’s helped put the AUD and NZD at the top of the G10 performance rankings they said; a rare occasion over the past two months. While they are not particularly positive on the prospects for the Antipodean currencies in the coming weeks, considering the pace at which they have depreciated recently they see a bit more room for the EUR, GBP, and CHF to fall against the USD.