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Category Archives: FX Street

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GBP: Downward pressure likely to continue – BNZ

Jason Wong, Currency Strategist at BNZ, suggests that the market’s playbook in the post-Brexit world has been to buy equities, bonds and risk currencies as central banks would deliver more easing, creating a lower-for-longer interest rate environment. Key Quotes “That stance was vindicated overnight with

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CNY will remain stable – PboC

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US NFP: Looking for a 140k gain this month – SocGen

Kit Juckes, Research Analyst at Societe Generale, suggests that away from British parochial issues, it’s jobs day in the US. Key Quotes “After the least volatile era in the payroll series in over 50 years, the monthly data have been winging around of late and

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GBP/USD jumps to 1.3165 ahead of NFP

GBP/USD caught a fresh bid wave over the last hour, giving extra legs to the recovery from BOE-led slump, as we progress towards the US employment data. GBP/USD finds bids near 1.3130 region Currently, GBP/USD jumps +0.40% higher at 1.3161, flirting with session highs reached

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USD/CAD: Bears attacking 1.30 handle, Jobs data eyed

The USD/CAD pair wiped-out gains and turned lower in the European session, extending its losing streak for the fourth straight session as focus now shifts towards the employment numbers from both the North American economies. USD/CAD ignores Oil weakness                       Currently, the USD/CAD pair trades -0.06%