Forex Flash: A few thoughts on EUR, AUD & NZD - Wesptac

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FXstreet.com (San Francisco) - Westpac on EUR/USD: "The delay in the decision on Greece's loan tranche is chipping away at EUR, with Eurozone Q3 GDP likely to add to the gloom. We now doubt the pair will recapture 1.30, seeing risks growing of a substantial decline into year end."

Westpac on AUD/USD: "The RBA's steady hand boosted AUD and jobs numbers were OK but momentum is flagging as global investors focus increasingly on the dangers US and European fiscal policy. 1.0480/1.0500 should cap but better local and China news should limit losses to the low 1.03s."

Westpac on NZD/USD: "The likelihood of further weak Q3 data from NZ, plus US fiscal cliff negotiations, should depress NZD/USD to 0.8060 this week. However, NZ Q4 data should be more upbeat, underpinning a positive outlook for the NZD in 2013."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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