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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
GD
ASIA PACIFIC PREVIEW: AUD/USD rallied to a fresh record high Wednesday after two days of declines ahead of Thursdays employment report at 0230 GMT. The market may still be priced for a slightly higher print than the 23.1K consensus after a 10.1K contraction in Feb. This leaves AUD vulnerable as the RBA described rates as mildly restrictive in Tuesdays rate decision. A second negative print may prompt a rate cut later this year while AUD bulls may start taking profits quickly after a print
near +40K. BANK OF JAPAN: decision has no fixed time but is usually delivered around 0400 GMT. A press conference follows. The yen will continue to take out stops as the BOJ announces further dovish measures.
AB - AshrafLaidi.com Staff
Ashraf