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26 Feb 2015
Fundamentals over majors in a snapshot - ANZ
FXStreet (Guatemala) - Analysts at ANZ's research team gave a snapshot of a number of key majors in a fundamental basis.
Key Quotes:
"For the EUR we expect a period of consolidation as tensions subside and a modest economic upswing emerges."
"We are more constructive on GBP in the near term as the central bank rhetoric and the economic data pulse have lent support."
"However, growing political risks will constrain momentum. In the antipodes we argue that the domestic drivers of the AUD are not supportive, while in the NZD near-term dynamics suggest it can remain elevated. As such, we are cautious on the cross despite remaining medium term bulls."
"In Asia also we remain steadfast, arguing that the region will underperform the USD, with the CNY and INR the best of the region."
Key Quotes:
"For the EUR we expect a period of consolidation as tensions subside and a modest economic upswing emerges."
"We are more constructive on GBP in the near term as the central bank rhetoric and the economic data pulse have lent support."
"However, growing political risks will constrain momentum. In the antipodes we argue that the domestic drivers of the AUD are not supportive, while in the NZD near-term dynamics suggest it can remain elevated. As such, we are cautious on the cross despite remaining medium term bulls."
"In Asia also we remain steadfast, arguing that the region will underperform the USD, with the CNY and INR the best of the region."