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Forex Flash: AUD outlook is broadly neutral - Wells Fargo

Nick Bennenbroek of Wells Fargo notes that his outlook for AUD/USD has shifted from mildly positive to broadly neutral.

He feels that while the global environment remains benign, local factors have turned less supportive. He writes, “With growth and inflation subdued the central bank has an easing bias, suggesting possible rate cuts in the coming months. Given already extended FX positions, the Australian dollar could struggle to strengthen, and may also be susceptible to downside shocks.”

Forex: GBP/USD recovers from lows, around 1.5470

After dipping to 7-month lows in sub 1.5440 levels, the sterling has well managed to regain ground to the area around 1.5510, although the bull attempt died off soon after dragging the cross back to the...
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Forex Flash: What was real Chinese GDP growth in 2012?

Stephen Green of Standard Chartered Global research questions whether China´s official GDP announcements are reliable or actual GDP growth is closer to 5.5%.
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