Flash: Key lead signals still flag medium term USD upside - Westpac

FXstreet.com (Barcelona) - Westpac's US data surprise index just peaked at a major cycle high, warning that all the good news for the US may be priced in over the short term, notes Richard Franulovich, Economist at Westpac.

Franulovich adds that beyond that, "the medium term trends flagged by the latest OECD leading indicators continue to reinforce a constructive medium term picture for the USD."

Jul 11, 2013

AUD/USD back threatening 0.93, Shanghai supports move

The AUD/USD exchange rate is picking up upside momentum again, currently approaching the 0.93 handle, where profit taking was noted post Bernanke-driven rally.

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Jul 11, 2013

Flash: Still 60% chance Fed tapers in Sept - Nomura

After the Minutes of the June FOMC meeting and the chairman's comments, according to Nomura Economists, "in our judgment, the Federal Open Market Committee (FOMC) still seems on track to take an initial decision to reduce the pace of its asset purchases in September (60% chance), or possibly December (40%)."

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